Appraised: meaning, definitions and examples
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appraised
[əˈpreɪzd ]
Definition
valuation assessment
To appraise means to assess the value or quality of something, often in a formalized way. It is frequently used in relation to property, artworks, or other valuable items, where a professional judgment is made to determine worth.
Synonyms
assess, estimate, evaluate, value.
Examples of usage
- The house was appraised at a value significantly higher than expected.
- She had her jewelry appraised by an expert.
- The painting was appraised for its historical significance.
Interesting Facts
Etymology
- The word comes from the Latin 'appretiare', meaning 'to set a price on'.
- It evolved through Old French before entering English, reflecting its historical journey through different languages.
- Similar words in other languages often derive from the same Latin root, showing a shared understanding of evaluation.
Cultural Significance
- In art, appraising is essential for determining the value of works, which can affect their market price and insurance.
- In real estate, properties are appraised to help buyers and sellers reach a fair price.
- Cultural artifacts are appraised not just for financial value but also for historical significance, influencing conservation efforts.
Economics
- Appraisal plays a vital role in financial markets; accurate valuations can sway investments and market trends.
- Financial institutions require thorough appraisals before granting loans, ensuring the collateral is worth the borrowed amount.
- The process can vary greatly depending on the subject being appraised, whether it's a house, artwork, or business.
Psychology
- People often appraise situations and emotions to make decisions based on perceived value and impact.
- Self-appraisal is a method where individuals assess their own skills or worth, influencing personal development.
- The way we appraise experiences can affect our happiness and mental well-being.
Legal Framework
- In legal contexts, appraisals can be critical during disputes, determining compensation, particularly in cases of property damage.
- Certain laws mandate appraisals for estate settlements, ensuring fairness in distributing assets.
- Appraisers often need certifications or licenses, reflecting the importance of credibility in legal and financial decisions.
Translations
Translations of the word "appraised" in other languages:
🇵🇹 avaliado
🇮🇳 मूल्यांकित
🇩🇪 bewertet
🇮🇩 dinilai
🇺🇦 оцінений
🇵🇱 wyceniony
🇯🇵 評価された
🇫🇷 évalué
🇪🇸 evaluado
🇹🇷 değerlendirilmiş
🇰🇷 평가된
🇸🇦 مُقيَّم
🇨🇿 oceněný
🇸🇰 ocenený
🇨🇳 评估的
🇸🇮 ovrednoten
🇮🇸 metinn
🇰🇿 бағаланған
🇬🇪 შეფასებული
🇦🇿 qiymətləndirilmiş
🇲🇽 evaluado