appraisal

noun
ap·prais·al | \ə-ˈprā-zəl \

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

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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.
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Recent Examples on the Web

Any attempt to accommodate him, any appraisal only leads him to go a step further. Steven Erlanger, New York Times, "Amid the Trumpian Chaos, Europe Sees a Strategy: Divide and Conquer," 13 July 2018 Lenders looked harder at credit histories and property appraisals. Susan Tompor, Detroit Free Press, "Students aren't the only ones crushed by school debt," 11 July 2018 Your mirror and/or a brutally honest friend are your best advisers on a garment-by-garment appraisal. Ellen Warren, chicagotribune.com, "Going for a strong shoulder with (still stylish) shoulder pads," 10 July 2018 The median price for a luxury home in Fairfield County—categorized as the top 10% of sales—dropped by 6.9% year-over-year in the first quarter of 2018, according to data from appraisal firm Miller Samuel. Katherine Clarke, WSJ, "Railroad Chief’s Equestrian Estate Returns for 40% Off," 3 July 2018 Samuels worked for a mortgage company in Landover, Md., and then started her own real estate appraisal business. Karin Tanabe, Washington Post, "At home with ‘The Real Housewives of Potomac’," 21 June 2018 Services range from: market analysis; marketing; negotiating; on-site representation at the home inspection; repair issues; complying with local/state requirements; paperwork; and appraisal issues. Anchorage Daily News, "Real estate deal seem to good to be true? Here are a couple warning signs.," 4 May 2018 The big cities of this state are all grappling with the same housing affliction: housing stock that can’t keep pace with rapid population growth and sky-high home appraisals driving people out of their neighborhoods. Gilbert Garcia, San Antonio Express-News, "City searches for the regulatory sweet spot with short-term rentals," 6 June 2018 The president's own estimates of his net worth are frequently higher than independent appraisals. chicagotribune.com, "Trump's net worth drops to $2.8 billion, lowest since campaign," 31 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.

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First Known Use of appraisal

1795, in the meaning defined above

History and Etymology for appraisal

see appraise

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Statistics for appraisal

Last Updated

6 Oct 2018

Look-up Popularity

Time Traveler for appraisal

The first known use of appraisal was in 1795

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More Definitions for appraisal

appraisal

noun

Financial Definition of appraisal

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 InvestingAnswersAppraisals 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

noun

English Language Learners Definition of appraisal

: 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

noun
ap·prais·al | \ə-ˈprā-zəl \

Kids Definition of appraisal

: an act or instance of setting a value on appraisal of the property

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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 dissent entry 1 sense 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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Comments on appraisal

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