The person who appoints, or executes a power of appointment ; as appointee is the person to whom or in whose favor an appointment is made. 1 Steph. Comm. 506, […]

L. Fr. In old English law . Tax; tallage; tribute; imposition ; payment; charge; expenses. Kelham.

This means to distribute the portions of something such as rights to something, land or shares.

The division, partition, or distribution of a subject-matter in proportionate parts. Co. Litt. 147; 1 Swanst 37, n.; 1 Story, Eq. Jur. 475a. Of contracts. The allowance, in case of […]

A rule in insurance that states a policy pays the claim in the amount that they have insured the risk.

When more than two defendants cause injury their percent of harm is decided.

In French law . That which a partner brings into the partnership other than cash; for instance, securities, realty or personalty , cattle, stock, or even his personal ability and […]

In old English law . The revenue, profit, or emolument which a thing brings to the owner. Commonly applied to a corody or pension. Blount.

The charging them with money received upon their account in the exchequer. St 22 & 23 Car. II.; Cowell.

In French law , an addition or annotation made in the margin of a writing. Merl. Repert

1. an evaluation done to determine an items worth. 2. when an appraiser assesses market value , estimates damage, and determines loss. It is written and effects the value of […]

The way market value is estimated. The three approaches are the cost approach, the income approach, and the market comparison approach. AKA appraisal method.

When an asset is worth more than book value and is written up to prevent loss. It is rarely done as it is not always accurate. The US prefers to […]

In property insurance the insured or insurer can demand an appraisal for property damaged to justify a claim.

The loss that occurs when inspection and testing are being performed.

A day when an appraiser is to visit. AKA valuation date .

A charge that an appraiser estimates for market value . The fee is based on the value or it can be fixed.

Using false appraisal to raise selling prices. It changes the collateral needed and creates more expensive financing. Appraisers and homeowners do this.

When depreciation charges are placed at a time when the value of an item is less than it used to be.

Deciding the informative value of a record before it is disposed of. It is based on the amount of use and the information on it.

The steps used to appraise an item. AKA valuation procedure .

1. a written estimate of damages and repair cost that an appraiser suggests. 2. an estimate of the property value that an appraiser suggests.

When a merger occurs the buyer must buy the stock at fair market value . This value is decided by a third independent party. The true worth is retained.

An opinion that an appraiser gives for the worth of property. The factors that go into this are location, area, improvements , and amenities. The three methods to do this […]

In practice . To fix or set a price or value upon; to fix and state the true value of a thing, and, usually, in writing. Vincent v. German Ins. […]