appraisal
Pronunciation: [əˈpreɪzl]
Word
Context: "evaluation"
(noun) an assessment of how good or valuable something is. It's like when a teacher gives feedback on a student's work to help them improve.
Example
The appraisal of the project showed it was successful and met all the goals.
Example
His appraisal of the restaurant was not favorable; he did not like the food or service.
Example
What did you think of the appraisal for your art project?
Context: "finance"
(noun) a formal estimate of the value of a property or asset. It's similar to when a bank checks how much a house is worth before giving a loan.
Example
The bank's appraisal of the house was higher than expected, so they approved the loan.
Example
The appraisal of the car revealed it was worth much less than the owner thought.
Example
How often does the appraisal need to be updated for the property?
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