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

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 on the Web Stefan, initially hesitant, dismisses his fear and delivers a quick, insightful appraisal. Erin Douglass, The Christian Science Monitor, 29 Apr. 2022 An appraisal, typically costing about 0.1 percent of the purchase price, must accompany that license application. Alison Gregor, New York Times, 9 Mar. 2022 That appraisal, based on the terms of the ground lease, was revised to $260 million in 2012. Kara Scannell, CNN, 19 Jan. 2022 The bigger the appraisal, the bigger the deduction. Robert W. Wood, Forbes, 7 Dec. 2021 In March 2019, the Austins, when applying to refinance their mortgage again, got another appraisal, which pegged the house’s value at $1.45 million, the lawsuit states. Washington Post, 6 Dec. 2021 If an agreement isn’t reached, the case is set for a formal hearing before a three-member appraisal review board, by phone, virtually, by affidavit or in person. Scott Huddleston, San Antonio Express-News, 25 Apr. 2022 Hilcorp, on behalf of the building owner, appealed the valuation set by the Municipality of Anchorage, said Ben Morookian with the property appraisal office. Alex Demarban, Anchorage Daily News, 20 Apr. 2022 Sorce, of Grounded Solutions, says state and local governments should invest money in land trusts and change appraisal policies so land trust properties aren’t paying taxes based on their speculative value. Alexander Thompson And Jocelyn Yang, Milwaukee Journal Sentinel, 14 Apr. 2022 See More

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.

First Known Use of appraisal

1795, in the meaning defined above

History and Etymology for appraisal

see appraise

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Time Traveler for appraisal

Time Traveler

The first known use of appraisal was in 1795

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Dictionary Entries Near appraisal

appr

appraisal

appraise

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Statistics for appraisal

Last Updated

15 May 2022

Cite this Entry

“Appraisal.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/appraisal. Accessed 26 May. 2022.

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More Definitions for appraisal

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

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

More from Merriam-Webster on appraisal

Nglish: Translation of appraisal for Spanish Speakers

Britannica English: Translation of appraisal for Arabic Speakers

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