appraisal
UK: əˈpreɪz(ə)l | US: əˈpreɪz(ə)l
n. the act of assessing or evaluating something or someone
n. a formal assessment of an employee’s performance
n. an expert estimate of the value of something (e.g., property)
"Appraisal" entered English in the 15th century via Old French, combining the notion of "assigning value" (prais) with the directional prefix "ap-" (toward). Originally tied to pricing goods, it later expanded to performance and property evaluation. The suffix "-al" solidifies its role as a noun describing the act of assessment.
The manager scheduled an annual performance appraisal for all employees.
The jewelry appraisal confirmed the diamond’s high market value.
A thorough appraisal of the project’s risks was conducted before approval.
The antique dealer’s appraisal surprised the owner with its accuracy.
Critics praised the film’s honest appraisal of modern society.