appraisal Definition

appraisal

Definition

A professional opinion, usually written, of the market value of a property, such as a home, business, or other asset whose market price is not easily determined. Usually required when a property is sold, taxed, insured, or financed.

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appraisal is ...
... part of the Insurance, Lending & Credit, Real Estate and Taxes subjects.

Related Terms

appraiser - More

internal audit - More

evaluator - More

appraisal ratio, good faith estimate, highest and best use

appraisal appears in the definitions of these other terms on BusinessDictionary.com

project cycle, market approach, central tendency error, net present value (NPV), contrast error, and