PRAISED VALUE Meaning and
Definition
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Praised value refers to the estimated worth or appraised worth of a given asset, property, or item as determined by an expert or appraiser. It represents the monetary value assigned to an asset after considering various factors such as its condition, market demand, historical significance, uniqueness, and other relevant parameters. Praised value is commonly used in the real estate industry to determine the current value of a property.
An appraiser typically conducts a comprehensive evaluation of the asset, taking into account both the tangible and intangible factors that contribute to its worth. For instance, in the case of real estate, the appraiser assesses aspects like location, size, condition, amenities, surrounding infrastructure, and recent comparable sales in the area. These factors help determine the property's potential market value or what it can be reasonably expected to sell for.
Praised value is used for various purposes, including transactions involving real estate, insurance claims, mortgage refinancing, tax assessments, estate planning, and legal disputes. It serves as an objective measure to determine the value of an asset, ensuring fair pricing and transparency in financial dealings. However, it is important to note that the praised value may not always align with the actual transaction price as it represents an expert's opinion rather than the market consensus.
Common Misspellings for PRAISED VALUE
- oraised value
- lraised value
- -raised value
- 0raised value
- peaised value
- pdaised value
- pfaised value
- ptaised value
- p5aised value
- p4aised value
- przised value
- prsised value
- prwised value
- prqised value
- praused value
- prajsed value
- praksed value
- praosed value
- pra9sed value
- pra8sed value
Etymology of PRAISED VALUE
The phrase "praised value" does not have a specific etymology of its own, as it is a compound term made up of the words "praised" and "value". However, we can look at the origins of these individual words to understand their meaning.
The word "praised" is the past participle of the verb "praise", which originated from the Old French word "preisier" in the 13th century. "Preisier" evolved from the Latin "pretiare", meaning "to prize" or "to esteem". Eventually, "preisier" entered Middle English as "preise", which eventually transformed into "praise" as we know it today.
The word "value" traces its roots back to the Latin verb "valere", meaning "to be strong" or "to be worth".
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