Source : Webster's Revised Unabridged Dictionary (1913)

Appraise \Ap*praise"\, v. t. [imp. & p. p. {Appraised}; p. pr. &
   vb. n. {Appraising}.] [Pref. ad- + praise. See {Praise},
   {Price}, {Apprize}, {Appreciate}.]
   1. To set a value; to estimate the worth of, particularly by
      persons appointed for the purpose; as, to appraise goods
      and chattels.

   2. To estimate; to conjecture.

            Enoch . . . appraised his weight.     --Tennyson.

   3. To praise; to commend. [Obs.] --R. Browning.

            Appraised the Lycian custom.          --Tennyson.

   Note: In the United States, this word is often pronounced,
         and sometimes written, apprize.

Source : WordNet®

appraise
     v 1: place a value on; judge the worth of something; "I will have
          the family jewels appraised by a professional" [syn: {measure},
           {evaluate}, {valuate}, {assess}, {value}]
     2: consider in a comprehensive way; "He appraised the situation
        carefully before acting" [syn: {survey}]