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Evaluation of something's value.

Business Glossary provided by
An appraisal is a professional assessment of the value of an asset. It is performed by a qualified expert, especially in cases where the value is not readily apparent, such as real estate, antiques, or businesses. Appraisals are often required for insurance, sale, business analysis, or tax purposes. They must be conducted using fair and standardized methods to ensure accuracy and credibility.
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