Definitions of "appraisal"
  1. A process of estimating the monetary worth of property by a qualified person
  2. A legal process to determine the fair price of a company's stock that a disagreeing shareholder can usually request in situations involving significant corporate actions like a merger
  3. An assessment of the value of real estate for purposes such as taxation, selling, or obtaining a mortgage
  4. A valuation of the cost of damage to property to settle an insurance claim
How to use "appraisal" in a sentence
  1. The bank requested an appraisal of the property before granting the home loan.
  2. During the merger, a shareholder disagreed with the stock price and demanded an appraisal.
  3. After the storm, the homeowner needed an appraisal to calculate the damage for their insurance claim.

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