appraise
Definition from Nolo’s Plain-English Law Dictionary
To professionally evaluate the value of property, such as real estate, jewelry, antique furniture, or securities; typically done in order to determine the value of assets for insurance coverage, divide partnership or beneficiary assets, set a house sales price, determine taxes, or make insurance claims.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:11 pm