appraisal

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noun ap·prais·al \ə-ˈprā-zəl\

Definition of appraisal

  1. :  an act or instance of appraising something or someone <a damage appraisal> <They gave us an honest appraisal of our chances.>; especially :  a valuation of property by the estimate of an authorized person <sought an appraisal of her jewelry> <real estate appraisals>

Examples of appraisal in a sentence

  1. the appraisal of some jewelry

  2. I made a quick appraisal of the situation and decided to leave right away.

  3. The book is an excellent appraisal of the influences that have shaped our government.

Origin and Etymology of appraisal

see appraise


First Known Use: 1795


APPRAISAL Defined for English Language Learners

appraisal

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noun ap·prais·al \ə-ˈprā-zəl\

Definition of appraisal for English Language Learners

  • : the act of judging the value, condition, or importance of something : the act of appraising something

  • : something that states an opinion about the value, condition, or importance of something


APPRAISAL Defined for Kids

appraisal

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noun ap·prais·al \ə-ˈprā-zəl\

Definition of appraisal for Students

  1. :  an act or instance of setting a value on <appraisal of the property>


Law Dictionary

appraisal

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noun ap·prais·al \ə-ˈprā-zəl\

Legal Definition of appraisal

  1. :  a valuation of property by the estimate of an authorized person: as a :  the determination of the fair value of a corporation's stock by a judicial proceeding that a dissenting shareholder is usually entitled by statute to demand in a case of extraordinary corporate action (as a merger) — see also 1dissent 1 b :  the estimation of the value of real estate for the purpose of taxation, sale, or securing a mortgage c :  the estimation of the value of damage done to property for the purpose of adjusting an insurance claim



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