assessment

2 definitions found

From The Collaborative International Dictionary of English v.0.48 [gcide]:

Assessment \As*sess"ment\, noun [LL. assessamentum.]

1. The act of assessing; the act of determining an amount to be paid; as, an assessment of damages, or of taxes; an assessment of the members of a club.

2. A valuation of property or profits of business, for the purpose of taxation; such valuation and an adjudging of the proper sum to be levied on the property; as, an assessment of property or an assessment on property.

Note: An assessment is a valuation made by authorized persons according to their discretion, as opposed to a sum certain or determined by law. It is a valuation of the property of those who are to pay the tax, for the purpose of fixing the proportion which each man shall pay. --Blackstone. Burrill.

3. The specific sum levied or assessed.

4. An apportionment of a subscription for stock into successive installments; also, one of these installments (in England termed a "call"). [U. S.]

From WordNet (r) 3.0 (2006) [wn]:

assessment

noun

1: the classification of someone or something with respect to its worth [syn: {appraisal}, {assessment}]

2: an amount determined as payable; "the assessment for repairs outraged the club's membership"

3: the market value set on assets

4: the act of judging or assessing a person or situation or event; "they criticized my judgment of the contestants" [syn: {judgment}, {judgement}, {assessment}]


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Monday, March 30, 2015 5:29:27 PM Coordinated Universal Time (UTC)

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