n. to appraise is to give a just valuation of property. The need arises in such times where the justice to be done to a party depends on the just value of a property, for example in distributing assests of the deceased, evaluating mortages, determining minimum auction price, finding out damage to public property, fixing the value of stolen/damaged property for the purposes of insurance or determining the worth of a would-be-insured property to determine the value of the premium to be charged, etc.

Close Bitnami banner