noun

valuation

valuation, assessment, appraisal

The insurance company required a valuation of the property.

The insurance company required a valuation of the property.

His valuation of the situation was completely wrong.

His valuation of the situation was completely wrong.

((a valuation of sth.)) an assessment of the value of (sth.) The bank requires a valuation of the house.

Synonyms: assessment, appraisal, estimation

From Latin 'valere' (to be worth) and the suffix '-ation' (denoting an action or process).

Think of it as the 'action' of finding a 'value'.

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