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TeachMeFinance.com - explain estimate estimate The term 'estimate' as it applies to the area of basic math can be defined as 'an approximate and reasonable answer that is close to the exact answer without actually calculating the exact answer '. Previous 5 Terms: Essential element EST Establishment Esthetics estiferous Next 5 Terms: Estimated additional resources (EAR) estival Estuary Estuary Esturine waters 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.