DEFINITION of 'Appraisal'

A valuation of property (ie. real estate, a business, an antique) by the estimate of an authorized person. In order to be a valid appraisal, the authorized person will have a designation from a regulatory body governing the jurisdiction the appraiser operates within.


Appraisals are typically used either for taxation purposes or to determine a possible selling price for the property in question. The appraiser can use any number of valuation methods in order to determine the appropriate value to assign, including the current market value of similar properties, quality of property and valuation models.

  1. Scheduled Personal Property

    Additional coverage that's over and above the typical coverage ...
  2. Appraisal Approach

    A procedure for determining an asset's value. The appraisal approach ...
  3. Appraisal Method Of Depreciation

    A form of depreciation calculation that is based upon appraisal ...
  4. Qualified Appraisal

    An appraisal document that is created, signed and dated by a ...
  5. Appraisal Right

    The statutory right of a corporation's minority shareholders ...
  6. Appraisal Ratio

    A ratio used to measure the quality of a fund's investment picking ...
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