Definition of appraisal
- a damage appraisal
- They gave us an honest appraisal of our chances.
- sought an appraisal of her jewelry
- real estate appraisals
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.
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.
An appraisal is an estimate of the market value of an item by a certified professional.
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.
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.
: 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
What made you want to look up appraisal? Please tell us where you read or heard it (including the quote, if possible).
subject to rapid or unexpected change
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