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Appraisal Dictionary Page

appraisal

Part of Speech

Noun

Pronunciation

/əˈpreɪzl/

Definitions

  1. An act of assessing or evaluating the value or quality of something.
  2. A formal estimation or judgment of something's worth, often used in the context of property or investments.

Usage Examples

  • The appraisal of the house indicated a much higher value than expected.
  • She underwent a performance appraisal at work to assess her contributions.

Etymology

From Middle French "appréciation," based on the verb "appraiser," meaning "to assess or value." The term dates back to the late 16th century.

Synonyms

  • Evaluation
  • Assessment
  • Valuation
  • Estimation

Antonyms

  • Devaluation
  • Disregard
  • Overlook

Translations

Language Translation Pronunciation
Spanish valoración vah-loh-rah-syon
French évaluation ay-vah-loo-ah-syon
German Bewertung beh-vair-toong
Italian valutazione vah-loo-tah-tsee-oh-neh
Chinese 评估 pínggū
Russian оценка otsenka
Hindi मूल्यांकन moolyankan
Arabic تقييم taqyeem

Regional Pronunciation Variations

In American English, the emphasis is typically on the second syllable (/əˈpreɪzl/), while in British English, the pronunciation may vary slightly with a more neutral stress across syllables.

Historical Usage

The term "appraisal" was first used in the late 16th century to describe the process of determining the value of property. Its use has expanded over the years, applying not only to property but to individuals’ work performance, assets, and other areas of evaluation.

Cultural Nuances

In financial contexts, an appraisal is often a formal, professional assessment of the worth of a property or asset, while in the workplace, performance appraisals are conducted periodically to assess an employee’s achievements and potential. The meaning of appraisal can vary in different cultures based on how assessment and judgment are regarded.

More Information

An appraisal is a critical process in various fields such as real estate, finance, insurance, and employment. It provides a structured way to evaluate the worth, quality, or condition of an item or person. In real estate, appraisers are often employed to estimate the market value of properties, considering factors such as location, condition, and market trends.

In employment, appraisals are commonly used by companies to assess employee performance, set goals, and make decisions regarding promotions, raises, and job assignments. In the context of investments, appraisals help investors determine the value of stocks, bonds, or assets before making decisions.

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