appraise

Definition

To slap a monetary value on something, ideally by someone qualified to do so rather than your overly optimistic uncle. This formal evaluation process determines the worth of assets, employee performance, or really anything that can be judged and assigned a number. Real estate agents love this word because it sounds more professional than 'guessing what someone will pay.'

Example Usage

The bank sent an appraiser to evaluate my house, who somehow determined that my 'vintage' 1970s bathroom decreases the property value significantly.

Source: Common business terminology

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