Definition of "appraisal" []

• The act or an instance of appraising. (noun)
• An expert or official valuation, as for taxation. (noun)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

• "They discovered a missing link, a link they call an "appraisal process.""
• "Defendant FNC also provides services and products to mortgage lenders, including a web-based service called AppraisalPort, which allows mortgage lenders to request written appraisals from appraisers and ‘allows appraisers to transmit information ... contained in appraisal reports, to lending institutions ....’"
• "Because homes in Mexico are so distinctly different, one from another, even in the same neighborhood, this method of appraisal is seldom used, except in the case of resale properties in a developer's subdivision."