Reappraisal
(noun)
- A fresh assessment or evaluation of something, especially one made after a significant change or event.
- The process of revising the value or price of something, such as property, securities, or art.
Origin:
From the verb reappraise, which comes from the old french words ra and praise, meaning to praise again. the word entered english in the 17th century.
Examples:
- The company had a reappraisal of its assets after the new CEO took over.
- She needed a reappraisal of her jewelry collection after her husband passed away.
- The property market was in need of a reappraisal after the 2008 financial crisis.
- The reappraisal of the painting showed that it was worth a lot more than originally thought.
- The reappraisal of the company's strategy resulted in a change in direction.