appraisal


appraisal
A statement or estimate of the market value of tangible personal property or real estate. Under the federal appraisal regulations for real estate pledged to secure loans, the term "appraisal" refers to a statement of market value that meets the five specific standards.
See complete appraisal, evaluation, and limited appraisal. American Banker Glossary

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appraisal ap‧prais‧al [əˈpreɪzl] noun [countable, uncountable]
a statement or opinion judging the worth, value, or condition of something:

• What's your appraisal of the situation?

ˈcredit apˌpraisal
BANKING a check on someone's financial situation to see if it is safe to lend them money; = credit analysis AmE:

• There will have to be improvement in their credit appraisal systems if they want to avoid bad debts.

— see also credit check
perˈformance apˌpraisal
HUMAN RESOURCES a meeting between an employee and a manager to discuss the quality of the employee's work, and areas for future progress; = PERFORMANCE ASSESSMENT; PERFORMANCE EVALUATION; PERFORMANCE REVIEW:

• He has changed the organization's performance appraisal system, which used to rate 90% of personnel as `outstanding'.

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appraisal UK US /əˈpreɪzəl/ noun [C or U]
an examination of the value, condition, qualities, etc. of something: accurate/realistic/honest appraisal »

She said there was a desire for ""an honest appraisal to identify the true facts of this matter"".

»

Items valued at over $500 require written independent appraisals.

real estate/property appraisal »

A private real estate appraisal for the sale put the value at $1.53 million.

(also performance appraisal, also performance evaluation, also performance review) HR, MANAGEMENT a meeting between an employee and their manager to discuss their progress, aims, and needs at work: »

Performance appraisals focus centrally on task standards and on work behaviours, not on personality.

»

Millions of employees undergo formal appraisal.

Compare 360-DEGREE FEEDBACK(Cf. ↑360-degree feedback), SELF-APPRAISAL(Cf. ↑self-appraisal)

Financial and business terms. 2012.

Look at other dictionaries:

  • Appraisal — may refer to:* A decision making process: ** Appraisal (decision analysis) a decision method ** Project appraisal comparing options to deliver an objective ** Economic appraisal an appraisal based on comparison of monetary equivalents* Property… …   Wikipedia

  • appraisal — ap·prais·al /ə prā zəl/ n: a valuation of property by the estimate of an authorized person: as a: the determination of the fair value of a corporation s stock by a judicial proceeding that a dissenting shareholder is usu. entitled by statute to… …   Law dictionary

  • Appraisal — Ap*prais al, n. [See {Appraise}. Cf. {Apprizal}.] A valuation by an authorized person; an appraisement. [1913 Webster] …   The Collaborative International Dictionary of English

  • appraisal — (n.) setting of a price, by 1784, American English, from APPRAISE (Cf. appraise) + AL (Cf. al) (2). Figurative sense, act of appraising (originally a term of literary criticism) is from 1817 …   Etymology dictionary

  • appraisal — [n] judgment, estimation appraisement, assessment, estimate, evaluation, opinion, pricing, rating, reckoning, stock, survey, valuation; concepts 18,328,766 …   New thesaurus

  • appraisal — ► NOUN 1) the action or an instance of assessing. 2) a formal assessment of an employee s performance at work …   English terms dictionary

  • appraisal — [ə prāz′əl] n. 1. an appraising or being appraised 2. an appraised value or price; esp., an expert valuation for taxation, tariff duty, sale, etc.; estimate: Also appraisement …   English World dictionary

  • Appraisal — Ein Appraisal (dt. „Bewertung , „Beurteilung ) ist eine Überprüfung einer Organisation hinsichtlich der Umsetzung der Anforderungen eines Prozessmodells wie beispielsweise Capability Maturity Model Integration (CMMI). Das Vorgängermodell… …   Deutsch Wikipedia

  • appraisal — A valuation or an estimation of value of property by disinterested persons of suitable qualifications. The process of ascertaining a value of an asset or liability that involves expert opinion rather than explicit market transactions. See also… …   Black's law dictionary

  • appraisal — A valuation or an estimation of value of property by disinterested persons of suitable qualifications. The process of ascertaining a value of an asset or liability that involves expert opinion rather than explicit market transactions. See also… …   Black's law dictionary