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assessment

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assessment


  2  definitions  found 
 
  From  Webster's  Revised  Unabridged  Dictionary  (1913)  [web1913]: 
 
  Assessment  \As*sess"ment\,  n.  [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  1.6  [wn]: 
 
  assessment 
  n  1:  the  classification  of  someone  or  something  with  respect  to 
  its  worth  [syn:  {appraisal}] 
  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;  "they  criticized  my 
  judgment  of  the  contestants"  [syn:  {judgment},  {judgement}] 




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