Appraisement – the term refers to giving value (a price) to a good or asset, seized under warrant of execution prior to sale. This procedure establishes the fair market value of the seized asset. And usually serves as a start price on the sale. So in some cases, the creditor who expects satisfaction, could appeal the result of the appraisement, if he believes that the value for which the asset will be sold, will be too low. In cases where requested by the Law, this is to be done only by a licensed independent valuer.

A synonym is an evaluation.

Example: “The bailiff appointed an appraisement on the burdened apartment, prior to the public auction.”

See also “Fair property valuation”

See also “Real estate appraisal”

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