appraisal

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noun ap·prais·al \ə-ˈprā-zəl\
Updated on: 26 Jul 2017

Definition of appraisal

  1. :  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

  1. the appraisal of some jewelry

  2. I made a quick appraisal of the situation and decided to leave right away.

  3. The book is an excellent appraisal of the influences that have shaped our government.

Recent Examples of appraisal from the Web

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


Financial Definition of APPRAISAL

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.


APPRAISAL Defined for English Language Learners

appraisal

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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

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noun ap·prais·al \ə-ˈprā-zəl\

Definition of appraisal for Students

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


Law Dictionary

appraisal

play
noun ap·prais·al \ə-ˈprā-zəl\

Legal Definition of appraisal

  1. :  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



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