Business, Legal & Accounting Glossary
v. to professionally evaluate the value of property includ- ing real estate, jewelry, antique furniture, securities, or in certain cases the loss of value (or cost of replacement) due to damage. This may be necessary in determining the value of the estate of someone who has died, particularly when the items must be divided among the beneficiaries, to determine the value of assets for insurance coverage, to divide partnership assets, set a sales price, determine taxes, or make insurance claims.
To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.
Definitions for Appraise are sourced/syndicated and enhanced from:
This glossary post was last updated: 26th April, 2020 | 4 Views.