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Definition of «appraisal»

The term appraisal refers to a professional evaluation or estimation of something, often used in relation to real estate, where an expert assesses the value of a property based on factors such as location, condition and recent sales. In a broader sense, it can also refer to an assessment or judgment of someone's qualities, abilities, character or actions.

Usage examples

  1. Emily prepared a detailed appraisal of the employee's performance for the past quarter.
  2. The home appraisal provided by the bank determined the value of the property before approving the mortgage.
  3. The manager scheduled a meeting with the team members to discuss their annual performance appraisals.
  4. John received an appraisal for his artwork, which helped him set an appropriate selling price for the exhibition.
  5. The company hired an expert appraiser to conduct a thorough appraisal of its assets before merging with another business.
  6. The insurance company requested an appraisal of the damages caused by the fire in order to settle the claim.
  7. Carol was thrilled when she received a positive performance appraisal, which recognized her contributions and achievements.
  8. The real estate agent provided an accurate appraisal of the house based on market conditions, location, and amenities.
  9. In order to determine the insurance coverage, the car owner had to provide an appraisal of the vehicle's current value.
  10. Sarah sought an independent appraisal of the antique furniture she inherited to ensure its worth before selling it.

Phrases with «appraisal»

Sentences with «appraisal»

  • Once we have taken this step of positive appraisal of religious traditions other than our own, we are likely to take another. (religion-online.org)
  • If your claim includes any high - value items like jewelry, your agent might ask for appraisal reports or receipts, so be sure to have them handy as well. (policygenius.com)
  • Since the couple had chosen a no cost refinancing each time, their total out of pocket expenses came to just $ 400 in appraisal fees. (hzcu-mortgage.org)
  • (see all sentences)

See also

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