APPRAISEMENT

appraisement. 1.APPRAISAL. 2. An ADR method used for resolving the amount or extent of

liability  on  a  contract  when  the  issue  of  liability  itself  is  not  in  dispute.  •  Unlike  arbitration,

appraisement  is  not  a  quasi-judicial  proceeding  but  instead  an  informal  determination  of  the

amount owed on a contract. [Cases: Arbitration    1. C.J.S. Arbitration §§ 2–3.] [Blacks Law 8th]