Appraising

The act of evaluating or estimating the value, quality, or significance of something. This can pertain to objects, skills, performances, or situations, often requiring careful observation and consideration. The appraisal process is commonly used in various fields such as real estate, art, finance, and human resources to inform decision-making.

Appraising meaning with examples

• The bank employed a professional appraiser to assess the value of the property before finalizing the mortgage offer, ensuring that the investment aligns with their financial guidelines and risk tolerance.
• During her annual review, Maria's supervisor engaged in Appraising her performance over the past year, taking into account her achievements, challenges, and potential areas for development within the company.
• The art gallery organized an event where experts were invited to appraise several pieces of artwork, providing insights into their historical significance, artistic techniques, and market value for potential buyers.
• In preparing for the project, the team conducted an in-depth Appraising of the current market trends, competitor strengths, and potential customer needs to ensure a successful product launch.
• The insurance company required a thorough Appraising of the damaged vehicle to determine the extent of losses and to set an appropriate settlement amount for the policyholder’s claims.