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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 noun from the Cambridge Business English Dictionary © Cambridge University Press)
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