Estimation
/ˌɛstɪˈmeɪʃən/
Definitions
- (n.) An approximate calculation or judgment of the value, amount, time, or extent of something relevant in legal contexts, such as damages or costs.
The court's estimation of damages was based on expert testimony.
Forms
- estimations
Related terms
See also
Commentary
Estimation in legal settings often involves expert evaluations and informs decisions on damages, costs, or property values, distinguishing it from precise calculations.
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.