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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

Appraisal  

Definition 1.

An opinion of value for a property or business.
 

Definition 2.

A professional opinion, usually written, of the market value of a property, such as a home, business, or other asset whose market price is not easily determined. Usually required when a property is sold, taxed, insured, or financed.
 
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