Appraisal

Definition:

A process of evaluating, estimating or determining the value of property or assets. This term is often used when discussing property values and asset evaluation. In addition, a “performance appraisal” is a common term for regular overviews of an employee’s work in a company, which frequently impact salary and bonuses.

Examples:

The appraisal of a CEO should be based both on their personal performance and on the financial health of their company.

The appraisal subcommittee was created by the Board of Directors to make sure that property valuation was done consistently, no matter who was responsible for the appraisal or how much the property was worth.