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TeachMeFinance.com - explain Appraisal estimate Appraisal estimate The term 'Appraisal estimate' as it applies to the area of reclamation can be defined as ' An estimate used in an appraisal study as an aid in selecting the most economical plan by comparing alternative features or for determinimg whether more detailed investigations of a potential project are economically justified. Used to obtain approximate costs in a short period of time with inadequate data. Not to be used for project authorization'. Previous 5 Terms: Appliance efficiency index Appliance efficiency standards Application efficiency applied science Applied water (delivered water) Next 5 Terms: Appraisal level of detail Appraisal study (appraisal report) Appraised stumpage price (or appraised rate) Approach channel appropriate About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.