APPRAISAL Definition

Bookmark and Share

APPRAISAL is a report made by a qualified person setting forth an opinion or estimate of value.

Learn new Accounting Terms

BENEFICIARY is a person who benefits from the terms of a trust, pension or provident fund, or other deferred income plan, or an insurance policy. In banking, it is the person in whose favor a letter of credit is issued or a draft is drawn.

ALLOCATION is the act of distributing by allotting or apportioning; distribution according to a plan, e.g., allocating costs is the assignment of costs to departments or products over various time periods, products, operations, or investments. See ALLOCATE.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.