Appraisal is a written estimation of the value of property or the extent of damage. Damage appraisals may be completed by an insurance adjuster, vehicle repair specialist or body shop estimator.

Webster Dictionary Meaning

1. Appraisal
- A valuation by an authorized person; an appraisement.
Share it:  Cite

More from this Section

  • Industry Banks
    Industrial banks are engaged primarily in industry financing through medium and long-term ...
  • Opportunity Cost
    Opportunity Cost is the rate of return that can be earned on the best alternative investment. ...
  • Spiff
    Spiff is a cash incentive, contest entry or prize given by a dealership to salespersons ...
  • Concession agreement
    Concession agreement refers to an understanding or contract between a foreign corporation ...
  • Open account transaction
    Open account transaction— sale in which the exporter ships the merchandise and expects ...