1. assessments or evaluations of the value, quality, or importance of something
Usage: plural of appraisal
2. formal reviews of an employee’s job performance
Usage: business context

Examples

• The insurance company required two independent appraisals of the damaged property.
• Real estate appraisals help determine fair market value for homes.
• Annual performance appraisals are scheduled for all employees next month.
• The art dealer obtained several appraisals before putting the painting up for auction.
• Bank appraisals confirmed that the house was worth the loan amount.
• Her supervisor gave her positive appraisals throughout the year.
• Professional appraisals are necessary for estate planning purposes.