The act or process of appraising; an official valuation or evaluation of something.
From appraise plus -ment suffix (which makes nouns from verbs indicating action or result). An older, more formal variant of 'appraisal.'
Appraisement sounds like something from a Victorian novel—and it is! This formal term was more common in 18th and 19th-century English for the official process of determining a property's or item's worth.
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