Learner's definition of APPRAISAL
the act of judging the value, condition, or importance of something
the act of appraising something
real estate appraisals
I made a quick appraisal of the situation and decided to leave right away.
Your annual job/performance appraisal [=review, evaluation] will be in July. [=your boss will meet with you to tell you if you are doing a good or bad job in July]
something that states an opinion about the value, condition, or importance of something