appraisal

Definitions

1. Impartial analysis and evaluation conducted according to established criteria to determine the acceptability, merit, or worth of an item.

2. Evaluation by a qualified appraiser to (1) assess the current market value of a property, (2) estimate the extent of damage to an insured property and cost of repairs, or (3) determine if a total loss occurred. A written appraisal is usually a key requirement when a property is bought, sold, insured, or mortgaged. It is required also when a claim is filed for compensation for damage or destruction of the insured property. See also appraisal value.

3. Alternative term for valuation.

Use 'appraisal' in a Sentence

When you are looking to acquire a piece of property you should have an appraisal to get an impartial evaluation of its value.

I needed to have an important part of the process of selling my home completed by next week so I paid extra to get the appraisal done immediately.

We are waiting on an appraisal for my car before we sell it; I am hoping to get the most out of it so I can invest in a newer car.

单词	an appraisal
释义	appraisal Definitions 1. Impartial analysis and evaluation conducted according to established criteria to determine the acceptability, merit, or worth of an item. 2. Evaluation by a qualified appraiser to (1) assess the current market value of a property, (2) estimate the extent of damage to an insured property and cost of repairs, or (3) determine if a total loss occurred. A written appraisal is usually a key requirement when a property is bought, sold, insured, or mortgaged. It is required also when a claim is filed for compensation for damage or destruction of the insured property. See also appraisal value. 3. Alternative term for valuation. Use 'appraisal' in a Sentence When you are looking to acquire a piece of property you should have an appraisal to get an impartial evaluation of its value. I needed to have an important part of the process of selling my home completed by next week so I paid extra to get the appraisal done immediately. We are waiting on an appraisal for my car before we sell it; I am hoping to get the most out of it so I can invest in a newer car.
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