appraisal

A valuation or an estimation of value of property by disinterested persons of suitable qualifications. The process of ascertaining a value of an asset or liability that involves expert opinion rather than explicit market transactions.
See also appraise
In corporate law, a limited statutory right granted to minority shareholders who object to certain fundamental transactions such as mergers. In an appraisal proceeding a court determines the appraised value of their shares and the corporation pays such appraised value to the shareholder in cash. The Revised Model Business Corporation Act uses the term "dissenters' rights to obtain payment for their shares" to describe this right. An appraisal right exists only to the extent specifically provided by statute.
See appraisal remedy
@ appraisal clause
Clause in insurance policy providing that the insurer has the right to demand an appraisal of the loss or damage
@ appraisal remedy
The dissenting shareholder's appraisal remedy is essentially a statutory creation to enable shareholders who object to certain extraordinary matters to dissent and to require the corporation to buy their shares at the value immediately prior to the approval of such matter and thus to withdraw from the corporation.
In different jurisdictions, the appraisal remedy often applies to sales of substantially all corporate assets other than in the regular course of business, mergers, and consolidations, more rarely to certain amendments of the articles of incorporation or miscellaneous matters, but usually not to dissolution. The appraisal remedy is often limited to shareholders of record entitled to vote on the matter
@ appraisal rights
See appraisal remedy
@

Black's law dictionary. . 1990.

Look at other dictionaries:

  • Appraisal — may refer to:* A decision making process: ** Appraisal (decision analysis) a decision method ** Project appraisal comparing options to deliver an objective ** Economic appraisal an appraisal based on comparison of monetary equivalents* Property… …   Wikipedia

  • appraisal — ap·prais·al /ə prā zəl/ n: a valuation of property by the estimate of an authorized person: as a: the determination of the fair value of a corporation s stock by a judicial proceeding that a dissenting shareholder is usu. entitled by statute to… …   Law dictionary

  • Appraisal — Ap*prais al, n. [See {Appraise}. Cf. {Apprizal}.] A valuation by an authorized person; an appraisement. [1913 Webster] …   The Collaborative International Dictionary of English

  • appraisal — (n.) setting of a price, by 1784, American English, from APPRAISE (Cf. appraise) + AL (Cf. al) (2). Figurative sense, act of appraising (originally a term of literary criticism) is from 1817 …   Etymology dictionary

  • appraisal — [n] judgment, estimation appraisement, assessment, estimate, evaluation, opinion, pricing, rating, reckoning, stock, survey, valuation; concepts 18,328,766 …   New thesaurus

  • appraisal — ► NOUN 1) the action or an instance of assessing. 2) a formal assessment of an employee s performance at work …   English terms dictionary

  • appraisal — [ə prāz′əl] n. 1. an appraising or being appraised 2. an appraised value or price; esp., an expert valuation for taxation, tariff duty, sale, etc.; estimate: Also appraisement …   English World dictionary

  • appraisal — A statement or estimate of the market value of tangible personal property or real estate. Under the federal appraisal regulations for real estate pledged to secure loans, the term appraisal refers to a statement of market value that meets the… …   Financial and business terms

  • Appraisal — Ein Appraisal (dt. „Bewertung , „Beurteilung ) ist eine Überprüfung einer Organisation hinsichtlich der Umsetzung der Anforderungen eines Prozessmodells wie beispielsweise Capability Maturity Model Integration (CMMI). Das Vorgängermodell… …   Deutsch Wikipedia

  • appraisal — noun ADJECTIVE ▪ honest, realistic ▪ detailed, full ▪ A detailed appraisal of the plan will now be carried out. ▪ independent ▪ …   Collocations dictionary

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