noun a judgment or evaluation of the worth, quality, or importance of something
adjective relating to the act of appraising or evaluating
In real estate, an appraisal is a valuation of a property's market value conducted by a certified appraiser to determine its worth for buying, selling, or financing purposes.
In insurance, an appraisal is the process of assessing the value of an insured item or property to determine the appropriate coverage and premiums.
In performance management, an appraisal is a formal evaluation of an employee's job performance, typically conducted annually to provide feedback and set goals.
In the antiques and collectibles market, an appraisal is a professional assessment of the value of a specific item based on its rarity, condition, and market demand.
In the context of writing, appraisal refers to the evaluation and assessment of a piece of writing to determine its quality, effectiveness, and overall impact on the intended audience.
Psychologists use appraisal to assess and evaluate individuals' behaviors, emotions, and mental health conditions through various techniques such as interviews, observations, and standardized tests.
Real estate agents use appraisal to determine the market value of properties by examining factors such as location, size, condition, and comparable sales in the area.
In the context of human resources, appraisal refers to the evaluation of employees' performance, skills, and contributions to the organization to make decisions regarding promotions, training, and compensation.
Financial analysts use appraisal to assess the value of assets, investments, and financial instruments to provide recommendations to investors, companies, and other stakeholders.