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English definition of “appraisal”

appraisal

noun [C or U]     /əˈpreɪzəl/
an examination of the value, condition, qualities, etc. of something: accurate/realistic/honest appraisal She said there was a desire for "an honest appraisal to identify the true facts of this matter". Items valued at over $500 require written independent appraisals.real estate/property appraisal A private real estate appraisal for the sale put the value at $1.53 million.
(also performance appraisal, also performance evaluation, also performance review) HR, MANAGEMENT a meeting between an employee and their manager to discuss their progress, aims, and needs at work: Performance appraisals focus centrally on task standards and on work behaviours, not on personality. Millions of employees undergo formal appraisal. → Compare 360-degree feedback, self-appraisal
(Definition of appraisal noun from the Cambridge Business English Dictionary © Cambridge University Press)
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