Business / Construction / Appraisal
Appraisal: For real estate, an estimation of the worth of a given property, expressed as market value. Determining the market value of timeshare properties is not an exact science. Because of this, tim . . . View Full Definition
Essay Appraisal: An appraisal strategy requiring the rater to provide a narrative description of an individualís performance based on the raterís performance observations.
Peer Appraisal: A performance appraisal strategy whereby an employee is reviewed by his or her peers who have sufficient opportunity to examine the individualís job performance.
Subordinate Appraisal: An appraisal system whereby managerial employees are evaluated by their subordinates.
Appraisal Ratio: The signal-to-noise ratio of an analyst's forecasts. The ratio of alpha to residual standard deviation.
Real Estate Appraisal: An estimate of the value of property using various methods.
Performance Appraisal: A periodic review and evaluation of an individual's job performance.
Appraisal Rights: A right of shareholders in a merger to demand the payment of a fair price for their shares, as determined independently.
Weighted Average Technique: When reconciling appraisal approaches, the application of a weight to each approach for averaging.
Reverse-Annuity Mortgages (RAM): Bank loan for an amount equal to a percentage of the appraisal value of the home. The loan is then paid to the homeowner in the form of an annuity.