Appraisal

usgb/əˈpreɪzl/
noun

A judgement about the value or quality of something.

The bank requires an appraisal of the house before giving a loan
Visual representation of "appraisal" - A judgement about the value or quality of something

Often appears as...

  • appraisal report
  • performance appraisal
Definition 1 of 2
Visual representation of "appraisal"
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Value Judgment

Indicates an opinion, not an exact measurement, often used in subjective contexts.

Illustration for Value Judgment
The jewelry appraisal varied depending on the expert's viewpoint.
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Not Just Money

Though often about cost, 'appraisal' can address other qualities like historical significance.

Illustration for Not Just Money
The antique's appraisal included its rarity and condition, not just its price.
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Formal Procedure

Usually a formal process involving expert knowledge, not just a casual opinion.

Illustration for Formal Procedure
A professional appraisal was conducted to ensure the artwork's authenticity.
Visual representation of the word "Appraisal"

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