appraisal

appraisal definition - business

appraisal

An expert opinion on the value of an asset. An insurance company requires an appraisal of jewelry a person wishes to insure against theft or loss.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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