Appraisal

AAA

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.

INVESTOPEDIA EXPLAINS 'Appraisal'

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.

RELATED TERMS
  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 Ratio

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

    The statutory right of a corporation's minority shareholders ...
Related Articles
  1. Insurance

    10 Hurdles To Closing On A New Home

  2. Taxes

    Deducting Your Donations

  3. Home & Auto

    10 Tips For Getting A Fair Price On ...

  4. Options & Futures

    Introduction To Gemology

Hot Definitions
  1. Turkey

    Slang for an investment that yields disappointing results or turns out worse than expected. Failed business deals, securities ...
  2. Conduit Issuer

    An organization, usually a government agency, that issues municipal securities to raise capital for revenue-generating projects ...
  3. Financing Entity

    The party in a financing arrangement that provides money, property, or another asset to an intermediate entity or financed ...
  4. Hyperinflation

    Extremely rapid or out of control inflation. There is no precise numerical definition to hyperinflation. Hyperinflation is ...
  5. Gross Rate Of Return

    The total rate of return on an investment before the deduction of any fees or expenses. The gross rate of return is quoted ...
  6. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
Trading Center