Law Dictionary Definitions

appreciate,vb.1. To understand the significance or meaning of. 2. To increase in value. [Blacks Law 8th]

appreciable,adj. Capable of being measured or perceived. [Blacks Law 8th]

appraiser.  An  impartial  person  who  estimates  the  value  of  something,  such  as  real  estate, jewelry, or rare books. — Also termed valuer. merchant appraiser.See MERCHANT APPRAISER.[Blacks Law 8th]

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 §§…

appraisal trinity.The three most commonly accepted methods of appraising real property: the market  approach,  the  cost  approach,  and  the  income  approach.  See  MARKET  APPROACH; COST  APPROACH;  INCOME  AP-PROACH.  [Cases:  Evidence    601(4).  C.J.S.  Evidence  §§ 1338, 1346–1350.] [Blacks Law 8th]

appraisal   remedy.The   statutory   right   of   corporate   shareholders   who   oppose   some extraordinary corporate action (such as a merger) to have their shares judicially appraised and to demand that the corporation buy back their shares at the appraised value. — Also termed appraisal right; dissenters’ right; right of dissent and appraisal. [Cases: Corporations    182.4(5), 584. C.J.S. Corporations…

appraisal clause.An  insurance-policy  provision  allowing  either  the  insurer  or  the  insured  to demand an inde-pendent estimation of a claimed loss. [Cases: Insurance    3249. C.J.S. Insurance §§ 1379–1380.] [Blacks Law 8th]

appraisal,n.1.  The  determination  of  what  constitutes  a  fair  price;  valuation;  estimation  of worth. 2. The report of such a determination. — Also termed appraisement. Cf. ASSESSMENT(3). — appraise,vb. [Blacks Law 8th]

apposite (ap-<<schwa>>-zit), adj. Suitable; appropriate. [Blacks Law 8th]

apposer (<<schwa>>-pohz-<<schwa>>r).Hist. 1. A questioner; interrogator. 2. An Exchequer officer who ex-amined sheriffs’ accounts; specif., an officer responsible for examining the sheriff’s estreat  (book  of  fines),  comparing  the  entries  with  those  in  court  records,  and  apposing (interrogating)  the  sheriff  on  each  sum  in  the  estreat.  •  This  office was  abolished  in  England  in 1833. —…