Appraisal Report
/əˈpreɪzəl rɪˌpɔːrt/
Definitions
- (n.) A detailed document prepared by a qualified appraiser that estimates the value of property, commonly used in legal and financial contexts.
The court relied on the appraisal report to determine the fair market value of the estate.
Forms
- appraisal report
- appraisal reports
Related terms
See also
Commentary
An appraisal report must clearly reflect the appraiser's methodology and conclusions to hold evidentiary weight in legal proceedings.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.