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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Related Terms
appraiser, internal audit
'appraisal
' appears in the definitions of these other terms on BusinessDictionary.com project cycle, appraisal approach, figure of merit, appraisal clause, human resource management (HRM), and
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