▪ assess the performance of (an employee) formally: "some companies are considering team appraisals instead of appraising individuals"
▪ (of an official valuer) set a price on; value:"they appraised the painting at £200,000"Similarvaluepriceset a price onestimatequotesurvey
Word Originlate Middle English (in the sense ‘set a price on’): alteration of apprize, by association with praise. The current sense dates from the mid 19th century.