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English definition of “estimate”

estimate

noun [C]
 
 
/ˈestɪmət/
a guess as to what the size, value, amount, etc. of something might be: make/give/provide an estimate (of sth) Please provide an estimate of the increased cost for your business per annum. The estimates are based on a survey done in the early 1990s, so may no longer be accurate. The best estimate puts the total number of sales at about 1,000. a preliminary/initial/early estimaterough/accurate estimate At a rough estimate, three-quarters of the farms listed are working farms. a conservative/realistic/reasonable estimate
COMMERCE a statement for a possible customer about how much a piece of work should cost: give sb/provide/prepare an estimate He will compile the specifications, draw up plans, and prepare an estimate.ask for/obtain an estimate (for sth) We can offer advice on how to obtain estimates for minor repairs. If it is discovered that the cost will be greater than originally estimated, a revised estimate may then be sent to you.
→ See also cost estimate, earnings estimate, insurance estimate
(Definition of estimate noun from the Cambridge Business English Dictionary © Cambridge University Press)
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