appraisal

noun ap·prais·al \ ə-ˈprā-zəl \

|Updated on: 16 Jun 2018

Examples: appraisal in a Sentence

Definition of appraisal

: 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

See appraisal defined for English-language learners

See appraisal defined for kids

Examples of appraisal in a Sentence

the appraisal of some jewelry
I made a quick appraisal of the situation and decided to leave right away.
The book is an excellent appraisal of the influences that have shaped our government.

Recent Examples of appraisal from the Web

The bureau suggests comparing rates, terms and fees (i.e., underwriting, appraisal, title, closing, etc.).

— arnie aurellano, USA TODAY, "Finding the best mortgage lender for a home loan is easier than you think," 4 June 2018
After the mortgage approval came the appraisal, which is the lender’s version of the inspection.

— matthew hennessey, WSJ, "Buying a Home? It’s a Process," 29 May 2018
On Tuesday, in addition to a new appraisal and environmental review, the council extended the earmark's expiration date to 2021, with the ultimate goal of making an offer to the owner.

— bradley zint, latimes.com, "City approves spending toward effort to buy South Laguna Community Garden Park," 10 May 2018
In addition to Jackson’s lack of management experience, the former combat surgeon had come under fire for his glowing appraisal of Trump’s health following his annual physical in January.

— chuck todd, NBC News, "Trump solves one Cabinet problem. Now he faces another.," 24 Apr. 2018
The email drew a sharp rebuke from Northland, which said the appraisals ignored future development potential on the site.

— kenneth r. gosselin, courant.com, "State Senate GOP Leader Weighs Push To Acquire Space At Hartford's XL Center," 31 May 2018
President Donald Trump’s net worth has fallen to its lowest point since the 2016 presidential election, according to a new appraisal by Bloomberg.

— nash jenkins, Time, "President Trump's Net Worth Keeps Falling. Here's Why," 31 May 2018
The blackmarket buyers, Lipka says, would not accept the merchandise without a certificate of appraisal from a major auction house.

— mike miller, PEOPLE.com, "Teenagers Who Famously Tried to Steal Millions from a College Library on Their 'Extreme' Story," 29 May 2018
Homes in underfunded associations, particularly condominiums, may have unintentionally misleading appraisals since appraisers are not required to examine the status of the association reserve account.

— kelly g. richardson, sandiegouniontribune.com, "HOA Homefront: How much reserve money does HOA need?," 26 May 2018

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'appraisal.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

Origin and Etymology of appraisal

see appraise

NEW! Time Traveler

First Known Use: 1795

in the meaning defined above

See Words from the same year

appraisal Synonyms

Synonyms

appraisement, assessment, estimate, estimation, evaluation, fix, judgment (or judgement), value judgment;

confidence, faith, stock, trust;

belief, conviction, mind, persuasion, sentiment, view;

conjecture, guess, hunch, hypothesis, surmise, theory;

Other Economics Terms

actuary, compound interest, globalization, indemnity, portfolio, rentier, stagflation, usurer

Financial Definition of APPRAISAL

appraisal

noun

What It Is

An appraisal is an estimate of the market value of an item by a certified professional.

How It Works

The definition of appraisal on InvestingAnswers Appraisals can be assigned to nearly any item, including real estate. Appraisals are conducted by individuals called appraisers. Appraisers are educated in a variety of market valuation methods and are recognized by a regulatory authority as being capable of issuing an accurate valuation. For instance, an appraisal on an antique will take into account such variables as age, condition, origin, and availability of authenticating documentation.

Why It Matters

Property appraisals are done primarily for taxation and insurance purposes, but may also serve as the basis for an asking price should the owner of a piece of property wish to sell. Appraisals are also valuable for business purposes, as many takeovers are based on a fair valuation of the company’s assets.

Source: Investing Answers

APPRAISAL Defined for English Language Learners

appraisal

noun

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

noun ap·prais·al \ ə-ˈprā-zəl \

Definition of appraisal for Students

: an act or instance of setting a value on

appraisal of the property

Law Dictionary

appraisal

noun ap·prais·al \ ə-ˈprā-zəl \

legal Definition of appraisal

: 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