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

• appraisement
• assessment
• estimate
• estimation
• evaluation
• fix
• judgment
• judgement
• value judgment

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

If there is a step-up transaction, an appraisal is needed, Lee said. —Marie Sapirie, Forbes, 21 Oct. 2024

Back to working on appraisal reports — these MUST get done. —R29 Team, refinery29.com, 11 Oct. 2024

Home equity: Not disclosed Home appraisal: Not disclosed CrossCountry Mortgage customer service J.D. Power rated CrossCountry Mortgage above average in customer satisfaction for mortgage origination and servicing. —Kelsey Neubauer, CNBC, 23 Sep. 2024

The first is an online appraisal system by Edmunds, the US automotive industry resource, and the second is Cap HPI, a vehicle valuation service for the UK auto trade. —Alistair Charlton, WIRED, 16 Aug. 2024

Word History

Etymology

appraise + -al entry 1

First Known Use

1698, in the meaning defined above

Phrases Containing appraisal

• self-appraisal

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