Definition

Appraisal

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

  • Current Accounts
    A Current Account at a bank is the account by which a customer (most of businessman) is ...
  • Reciprocal exchange
    Reciprocal exchange refers unincorporated mutual insuring organization in which insurance ...
  • Waybill
    Waybill is non-negotiable transport document, issued for either ocean transport (sea waybill) ...
  • American selling price (ASP)
    American selling price (ASP)— for customer purposes, the use of the domestic price of ...
  • Velocity of money
    Velocity of money is the rate of turnover of money the average number of times per year ...