| n. | 1. | The act of setting the value; valuation by an appraiser; estimation of worth. |
APPRAISEMENT. A just valuation of property.
2. Appraisements are required to be made of the property of persons
dying intestate, of insolvents and others; an inventory (q.v.) of the goods
ought to be made, and a just valuation put upon them. When property real or
personal is taken for public use, an appraisement of it is made, that the
owner may be paid it's value.