Definition of Appraisal
Appraisal
Ap·prais·al
Definition/Meaning
(noun)
An evaluation or assessment of something's value or quality.
e.g. The real estate agent provided an appraisal of the property's market value.
(noun)
an estimation of the value/worth of some asset such as a vehicle, building, or piece of property, given by an authorized person or expert;
e.g. We asked for their appraisal when deciding the amount for which we would sell the house.
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