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Appraisal
(redirected from Appraisals)

   Also found in: Dictionary/thesaurus, Financial, Wikipedia, Hutchinson 0.01 sec.

A valuation or an approximation of value by impartial, properly qualified persons; the process of determining the value of an asset or liability, which entails expert opinion rather than express commercial transactions.



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``It's a severe problem and one that's been masked by rising values in housing,'' the coalition president, John Taylor, said about property appraisals being pushed too high.
The Center For Responsible Appraisals & Valuations announced a nationwide campaign to encourage lenders, appraisers, realtors and others in the housing industry to sign a "Code of Conduct" to ensure homebuyers and homeowners receive accurate and fair appraisals for their homes.
 
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