Definition
The act of evaluating an object to determine how much it is worth (appraisal value). This is calculated by examining all factors that may increase or decrease the value of the object. To achieve the most accurate figure, an appraiser who is licensed to assess the value will typically be utilized. "Steve and Becky contacted an antiques dealer to come and appraise some of their great aunt's belongings that were purchased over 80 years ago."
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