- an appraising or being appraised
- an appraised value or price; esp., an expert valuation for taxation, tariff duty, sale, etc.; estimate
- An example of the word appraisal is when an individual determines a house value as a result of evaluating the neighborhood and its amenities.
- An example of appraisal is the report made outlining the value of the house.
- The act or an instance of appraising.
- An expert or official valuation, as for taxation.
appraisal - Investment & 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.
- There will be a boycott of staff appraisal by all staff who participate in any form of staff performance appraisal.
- Work was carried out at various scales, from regional reconnaissance surveys or appraisal, to the drilling of a geochemical or geophysical anomaly.
- Not many lenders are willing to lend more money than what the appraisal says the home is worth, although if you're willing to pay a higher interest rate and more fees you can find lenders who will loan more than the appraisal amount.
- Certain costs are payable when you turn in your application, such as an Appraisal fee (usually around $350.00) and the credit check fee (usually around $50.00, but you are charged whatever the actual fee is - no more or no less).
- You can buy the most recent appraisal guide, which includes pricing for models made in the past 15 years, or the older vehicle guide, which has pricing on vehicles manufacturer between 15 years and 30 years ago.