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appraisal
noun
ap·prais·al
ə-ˈprā-zəl
: 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
Synonyms
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
An appraisal prepared the last time Trump refinanced estimated that in those circumstances, the 40 Wall land would be worth around $160 million, yielding a reset annual rent of around $10 million — more than the building’s current net operating income.
—Paula Aceves, Curbed, 31 Oct. 2024
Like health, car or property insurance, appraisals for losses or damages rely on standards — known as Good Farming Practices — that ensure low yields aren’t caused by mismanagement.
—Tribune News Service, The Mercury News, 30 July 2024
The appraisal district sets property appraisals and administers exemptions for tax purposes.
—Noah Alcala Bach, Fort Worth Star-Telegram, 19 July 2024
Discuss What's Next and Future Innovations at Advertising Week
Morse’s first byline in the Globe, written as a freelancer, was an appraisal of Vassar Clements that appeared in the newspaper in December 1975.
—Chris Willman, Variety, 29 Oct. 2024
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Word History
Etymology
First Known Use
1698, in the meaning defined above
Phrases Containing appraisal
Dictionary Entries Near appraisal
Cite this Entry
“Appraisal.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/appraisal. Accessed 22 Nov. 2024.
Kids Definition
appraisal
noun
ap·prais·al
ə-ˈprā-zəl
: an act or instance of appraising
Legal Definition
appraisal
noun
ap·prais·al
ə-ˈprā-zəl
: 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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