appraising
- Scope note
- Generally reserved for the process or function of assigning a price for a thing based on market value, insurance value, or another such means of estimation; often determined by comparing the thing to other similar things that have been sold in a recent timespan. An example is the insurance value of an item that is vouched for by a reputable antiquarian.
- Date of creation: 24-Mar-2025
Accepted term: 24-Mar-2025