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English definition of “reappraisal”

reappraisal

noun [C or U]
 
 
/ˌriːəˈpreɪzəl/
the process of examining a situation or activity again in order to make changes to it, for example in order to make it more modern or effective: a reappraisal of sth Extra funding necessary to cope with the impact of climate change could be raised through a reappraisal of environmental priorities.call for/force/prompt a reappraisal of sth Demand for technology stocks has forced a reappraisal of investor attitudes towards the financial services sector. Vets in Europe have called for a radical reappraisal of farming methods throughout the European Union.
the process of changing a calculation of the financial value of something, for example because of increases in price or interest rates: A reappraisal of all residential property in New Orleans was ordered by the Tax Commission. Current tax rates will remain the same pending reappraisal.
(Definition of reappraisal from the Cambridge Business English Dictionary © Cambridge University Press)
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