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more about assessment
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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