Meaning of “reappraise” in the English Dictionary

"reappraise" in Business English

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uk /ˌriːəˈpreɪz/ us

[ I or T ] to examine a situation or activity again in order to make changes to it, for example in order to make it more modern or effective:

The recent downturn in stock markets around the world has made people reappraise their approach to risk.
reappraise strategies/priorities/plans In the wake of the foot-and-mouth epidemic, the Wool Marketing Board was forced to reappraise its strategy.

[ T ] FINANCE to change a calculation of the financial value of something, for example because of increases in price or interest rates:

The County Assessor said his office is attempting to reappraise all buildings in the county this year at current construction costs.

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