Meaning of “appraisal” in the English Dictionary

"appraisal" in British English

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appraisalnoun [ C or U ]

uk /əˈpreɪ.zəl/ us /əˈpreɪ.zəl/

(Definition of “appraisal” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"appraisal" in Business English

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appraisalnoun [ C or U ]

uk /əˈpreɪzəl/ us

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.

(Definition of “appraisal” from the Cambridge Business English Dictionary © Cambridge University Press)