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Categories: Economics & Finance
A professional opinion, usually written, of the market value of a property, such as a home, business, or other asset whose market price is not easily determined. Usually required when a property is sold, taxed, insured, or financed.
(source: http://www.investorwords.com/237/appraisal.html#ixzz2ietEJlmO)
Synonyms:
valuation, expertise
