APPRAISED AT Meaning and
Definition
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"Appraised at" is a phrase used to describe the value or worth that has been assigned to a particular item, property, or asset after a professional evaluation or assessment. It refers to the monetary estimation determined based on various factors such as its condition, market demand, comparable sales, and other relevant considerations.
When an item is appraised at a certain value, it means that a qualified individual or organization, such as an appraiser or a valuation expert, has conducted a detailed inspection or analysis to determine its fair market value. This process typically involves a thorough examination of the item's characteristics, such as its quality, age, rarity, and condition, along with research into similar items that have recently been sold or are currently on the market.
The appraisal value serves as an official estimate or valuation, and is often required for various purposes such as insurance coverage, taxation, financial planning, asset management, legal disputes, or buying and selling transactions. It provides an objective and knowledgeable assessment of an item's worth, providing both the owner and potential buyers or stakeholders with a reliable indication of its value in current market conditions.
Overall, "appraised at" denotes the estimated value assigned by a professional appraiser, acting independently and impartially, based on their expertise and analysis of various factors that affect the market value of the evaluated item.
Common Misspellings for APPRAISED AT
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Etymology of APPRAISED AT
The word "appraised" comes from the Middle English term "apracen", which was derived from the Anglo-French word "apreiser", meaning "to set a price". This Anglo-French term was itself derived from the Old French word "apreisier", which means "to value" or "to estimate". The words "at" in the phrase "appraised at" simply denote the specific value or price assigned to something during the act of appraisal.
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