The word 'appraisal' refers to the process of evaluating or assessing the value, quality, or significance of something. This can include assessing properties, performances, or even personal characteristics. You might encounter appraisals in various contexts, such as real estate assessments, employee performance reviews, or assessments of artwork.
The word 'appraisal' comes from the Old French word 'apprécier', which means "to value," and the Latin word 'appretiare' that means "to estimate." The prefix "ap-" denotes "to" or "toward," and "-raisal" relates to the act of evaluating or assessing.