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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