Definition of Assessment

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assessment -- (1) an estimate of the value of a piece of real property for the purpose of levying taxes; also called assessed valuation. (2) a charge against real property levied by a public governing body for a local improvement, such as a sewer repair or street paving.

another definition...

Assessment -- 1. The valuation, or determination as to value, of property.

2. The act of apportioning amounts to be paid.

3. An amount assessed or charged, for example: taxes or dues.

historic definition...

Assessment -- The name applied to a demand or call from a company upon stockholders to pay into the treasury of the company a specified sum per share. It is common in the reorganization of a concern to levy an assessment on the stock to obtain fuilds for the discharge of debts and for working capital.


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