Definition, Meaning & Synonyms
estimate-value
noun
/ˈɛstəˌmeɪt ˈvæljuː/
Definition
The estimated value refers to an approximate calculation or judgment regarding the worth or significance of something.
Examples
- The estimate value of the house was determined to be around $300,000.
- Before finalizing the budget, we need to calculate the estimate value of the expected expenses.
- The consultant provided an estimate value for the project costs.
Meaning
When we talk about estimate value, we are discussing a rough assessment rather than an exact figure. This is often used in financial contexts, property appraisals, and statistical analyses.
Synonyms
- Approximation
- Assessment
- Value assessment
- Ballpark figure
- Evaluation
