appraisal Hear it!

appraisal Definition

ap·praisal (ə prāz′əl)

noun

  1. an appraising or being appraised
  2. an appraised value or price; esp., an expert valuation for taxation, tariff duty, sale, etc.; estimate

appraisal Synonyms

appraisal

n.

examination, evaluation, assessment; see estimate 1, judgment 2.

appraisal Finance Definition

The evaluation of a property and assessment of its worth by an independent professional. Typically, appraisals are done on property before a bank approves a mortgage. Appraisals also may be done on other assets, such as jewelry or a business. The person conducting the appraisal is called an appraiser.

appraisal Usage Examples

Converse of object

  • undertake: By June 2001, undertake an appraisal of the options for an assessment of take-up of selected social security benefits.
  • conduct: Box 1 How to conduct a good appraisal Who should be there?

Adjective modifier

  • critical: You will not be investigating critical appraisal in depth.
  • honest: Where can I get an honest appraisal in the Southern California area?
  • annual: Every person in the firm has an annual appraisal, with regular reviews throughout the year.
  • environmental: Tim Rayner spoke on the issue of environmental appraisal at the Program's second seminar in June.
  • economic: The economic appraisal will then be completed which will clear the way for initial planning of the scheme to commence.
  • rapid: Environmental audits provide a rapid appraisal of the potential liabilities associated with site risks.

Modifies a noun

  • drilling: Appraisal drilling is back up to 1998 levels, with 16 wells spudded.
  • methodology: The appraisal methodologies for individual cases are subsumed in the land use planning system under development control, as projects.
  • checklist: Demonstrate the ability to appraise selected literature using an appraisal checklist.
  • process: The next phase in the appraisal process was the writing of the Parish Plan.
  • interview: Training is required before the appraisal interview is undertaken.
  • boycott: One other area of the offer which has caused some confusion is the appraisal boycott.

Noun used with modifier

  • sustainability: Comments are also invited on the sustainability appraisal report.
  • participatory: Outcomes: In Summer 2001 we co-ordinated a peer led participatory appraisal consultation looking at health needs of young people.
  • peer: An annual cycle of peer appraisal is conducted at the subject level by Departments.
  • option: Using the option appraisal tool will help partners to assess whether the approach meets their needs.
  • investment: An investment appraisal will establish the value for money of such an approach.
  • GP: GP appraisal will be organized and funded by primary care trusts but the appraisals themselves will be undertaken by suitably trained GPs.