an examination of the value, condition, qualities, etc. of something: accurate/realistic/honest appraisal She said there was a desire for "an honest appraisal to identify the true facts of this matter ". Items valued at over $500 require written independent appraisals.

an estimate of value, as for sale, assessment, or taxation; valuation. an estimate or considered opinion of the nature, quality, importance, etc: the critics' appraisal of pop art; an incorrect appraisal of public opinion.