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English definition of “valuation”

valuation

noun [C or U] uk   /ˌvæl.juˈeɪ.ʃən/ us  
the act of deciding how much money something might be sold for or the amount of money decided on: You can receive a home loan of up to 95 percent of the official valuation of the property.
(Definition of valuation from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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