Appraisal Value
/əˈpreɪzəl ˈvæljuː/
Definitions
- (n.) The monetary worth assigned to property or assets based on expert evaluation, often for legal or financial purposes.
The court ordered an appraisal value of the estate before dividing the assets.
Forms
- appraisal value
Related terms
See also
Commentary
Appraisal value is typically distinguished from market value by the methodology and purpose of valuation, often used in legal contexts to ensure fair division or taxation.
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.