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
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
Owned by Polmer Brothers, Ltd., the property is valued at $9 million, according to an appraisal last month.
An initial medical screening conducted by the booking officer is followed with an appraisal by qualified health-care personnel within 14 days of intake.
In addition to the Clemente auction, Hunt Auctions is also hosting and appraisal fair at FanFest starting on Friday where fans can bring in old sports memorabilia and have its value assessed for free.
In addition to her son. survivors include another son, Calvin Thomas Jr., a partner at the real estate appraisal firm Lipman, Frizzell and Mitchell; five grandchildren; and six great grandchildren.
Media polls show that the German press ran the most negative appraisals of Trump of all global news (98 percent of all coverage was critical).
The bank declined to release the appraisal, but a person involved in the deal said that such a rapid increase was unusual when New York real estate was rebounding from recession, and credited Kushner for finding stellar tenants.
The cost to repair the wall, as of March 2016, was $138,000, while two identical house appraisals averaged $98,000, according to the memoranda.
But the home ends up receiving an ultra-low appraisal — heavily influenced by foreclosure sales in an area — that prevents someone from being able to obtain a mortgage.
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.
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
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.
APPRAISAL Defined for English Language Learners
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
Definition of appraisal for Students
: an act or instance of setting a value on appraisal of the property
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
Seen and Heard
What made you want to look up appraisal? Please tell us where you read or heard it (including the quote, if possible).