1. an assessment or evaluation of the value, quality, or importance of something
2. a formal estimate of the monetary value of property or goods
Usage: real estate; business

Examples

• The teacher’s appraisal of the student’s work was very positive.
• We need a professional appraisal of the house before we can sell it.
• The insurance company required an appraisal of the damaged car.
• Her appraisal of the situation proved to be accurate.
• The art dealer provided an appraisal of the painting’s worth.
• The annual performance appraisal helps employees understand their strengths.
• The bank ordered an appraisal before approving the mortgage loan.