Appraisement
The Cyclopedic Law Dictionary · Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922
The Cyclopedic Law Dictionary
A just valuation of property. A valuation under public authority as of the goods of a decedent, or of property taken for public use. Appraisal for taxation is called "assessment" {q. V.) While sometimes used interchangeably, there is a clear distinction between an appraisement and an arbitration, the purpose of the former being to prevent the arising of differences, while the latter presupposes a controversy.
254 111. 446.