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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.

Nearby Terms

appointed actuary
appointments
apportion
apportionment
apportionment clause
appraisal
appraisal clause
appraisal fee
appraisal ratio
appraisal report
appraise

Popular 'Insurance' Terms

escrow
annuity
OASDI
risk
comprehensive insurance
insurance
contingent beneficiary
coinsurance
insurance policy
insurance premium

Related Terms

appraiser
internal audit
balance
evaluator
appraisal ratio
highest and best use
comparative market analysis (CMA)
appraisee
supply and demand
acquisition appraisal

Mentioned in these terms

appraisal fee
appraisal report
cost approach appraisal