Appraised Meaning: Definition, Examples, and Translations
๐ฐ
appraised
[ษหpreษชzd ]
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.
Translations
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Interesting Facts
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.
Origin of 'appraised'
Main points about word origin
- 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.
The word 'appraise' originates from the Middle French term 'appriser', which means to determine the worth of something. This, in turn, can be traced back to the Latin word 'appretiare', meaning to set a price on something or to estimate its value. The use of 'appraise' is especially prevalent in contexts like real estate, antiques, and personal property evaluation, reflecting its formal basis in the legal and financial systems. Over time, 'appraise' has maintained its focus on the valuation aspect, becoming a key term in various professional fields, ensuring clarity and precision when discussing the worth assigned to items.