appraisal

noun
ap·​prais·​al | \ ə-ˈprā-zəl How to pronounce appraisal (audio) \

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

Bring an antique or collectible item (or a photo of larger items) for a free appraisal by Dr. Lori during two-hour shows at 11:30 a.m. and 2:30 p.m. Sunday, Feb. 24, and 12:30 and 3:30 p.m. Monday, Feb. 25. Madeline Mckenzie, The Seattle Times, "Chilly Hilly bike ride on Bainbridge and Seattle Home Show get ready to roll," 20 Feb. 2019 Sales also languished as parties tried to schedule reinspections and new appraisals of properties after the storm, according to the association. Mary Shanklin, OrlandoSentinel.com, "Hurricane Irma precedes sharp drop in Orlando-area home sales," 16 Oct. 2017 The ground rent will be based on a new appraisal conducted in 2021, the company said. Keiko Morris, WSJ, "Ground Rents Weigh Down High-Soaring Icons," 22 Jan. 2019 Not included in the appraisal is the story about Coos County's most celebrated home. Janet Eastman, OregonLive.com, "Heir of boat-shaped house, long on the market, drops anchor, waits for a buyer (photos)," 30 Apr. 2018 The Laguna Beach City Council this week approved spending funds on a land appraisal and environmental assessment of the South Laguna Community Garden Park as part of a ramped-up effort to buy the land. Bradley Zint, latimes.com, "City approves spending toward effort to buy South Laguna Community Garden Park," 10 May 2018 As part of a Section 15 unit valuation appraisal process, the unit owner will need to grant the developer’s appraiser access as part of the process. Howard Dakoff, chicagotribune.com, "In condo association, what's the difference between a committee and a commission?," 3 July 2018 ConocoPhillips plans to continue with the exploration and appraisal process for another year or so. Jordan Blum, Houston Chronicle, "ConocoPhillips sees more promise in Alaskan oil," 16 Apr. 2018 Whyte has also advocated for more transparency in the appraisal process. Jasper Scherer, San Antonio Express-News, "Race for Straus’ seat gives conservative voters wide range of options," 28 Feb. 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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Learn More about appraisal

Statistics for appraisal

Last Updated

7 Apr 2019

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 How to pronounce appraisal (audio) \

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 How to pronounce appraisal (audio) \

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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