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.


Related Terms

appraiser -  More

internal audit -  More

evaluator -  More

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appraisal is ...

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

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