Source : Webster's Revised Unabridged Dictionary (1913)

Appraisal \Ap*prais"al\, n. [See {Appraise}. Cf. {Apprizal}.]
   A valuation by an authorized person; an appraisement.

Source : WordNet®

appraisal
     n 1: the classification of someone or something with respect to
          its worth [syn: {assessment}]
     2: a document appraising the value of something (as for
        insurance or taxation) [syn: {estimate}, {estimation}]