Appraisal (noun)

A professional evaluation of the worth or value of something, typically property or an object of art.

Origin:

Derived from latin word 'appretiare' meaning 'to set a value on'.

Examples:

1. The real estate agent provided an appraisal of the property before listing it for sale.
2. A professional art appraiser was hired to evaluate the value of the painting for insurance purposes.
3. The appraisal of the antique vase came in at a much higher value than expected.
4. The appraisal process involved a thorough examination of the object and consideration of its condition and historical significance.
5. A formal appraisal is often required when selling a valuable item or determining its value for estate planning purposes.