Definition, Meaning & Synonyms
estimated-value
noun
/ˈɛstɪˌmeɪtɪd ˈvæljuː/
Definition
The estimated value refers to an approximation of the worth or significance of something, often calculated through various methods such as averaging or statistical analysis.
Examples
- The estimated value of the property increased over the years.
- After analyzing the market, the estimated value of the car was set at $15,000.
- Researchers provided an estimated value for the project based on previous data.
Meaning
An estimated value is not an exact figure but a careful guess based on available data and trends. It gives a reasonable idea of what something might be worth in a certain context.
Synonyms
- approximate value
- assessed value
- calculated worth
