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appraisement

appraisement

7.8
An official check that finds how much property or goods are worth
  • noun
  • /əˈpreɪzmənt/
  • Formal
translation icon : tasación
  • While economizing decisions concerning investments, for example, the purchase of a firm necessitates both as well; however, they are different in two respects: First, appraisement and valuation are necessary yet not sufficient.
  • appraisement and valuation

Examples

  • Although it is indeed true that catallactics has no means to completely determine the actual final price in any isolated exchange, additional theoretical insights can be discovered about isolated exchange in cases of investment appraisal in contrast to cases of valuation (and appraisement) alone.

    Academic text (2018)
  • Finally, section 4 will present the main conclusions that can be drawn from our analysis. #2. Valuation, Appraisement, and Investment Appraisal #

    Academic text (2018)
  • In the division of labor, valuation needs to be based upon appraisement to result in economizing decisions (Mises, 1998, 1949, p. 329).

    Academic text (2018)
  • The appraisement of the antique furniture allowed the seller to set a fair asking price.

  • Before selling the house, we had an appraisement to determine its market value.

  • The bank required an official appraisement of the property before approving the mortgage.

Synonyms

evaluation
vsappraisement
329 3.7

A careful decision about how good or valuable something is

is the official process aimed at determining property value
valuation
vsappraisement
  • Specialized
62 5.1

An estimate of how much something is worth

is an official determination focusing on property and goods value
assessment
vsappraisement
  • Specialized
18 3.4

A report that shows how much something like a house or car is worth

is the official act of setting value for property or goods
appraisal
vsappraisement
15 4.3

A judgment of how well someone does their job or how much something is worth

is the formal act that focuses on officially valuing property

How Thorough

appraisement
  • Formal
7.8
assessment
474 2.8
valuation
  • Specialized
62 5.1
estimation
15 3.4

Surface Forms

appraisement singular
appraisements plural

Morphology

appraisement = appraise (transparent) = appraise + ment

Standard noun formation from the verb 'appraise' using '-ment' indicating the action or result; meaning is directly derived.

Etymology

Appraisement comes from older words that mean 'price' and 'to set a price', and it shares the same idea as the verb appraise and the everyday word price. So an appraisement is the official act of finding how much something is worth.