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Assessment Definition


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Other Assessment Definition

[n] the act of judging or assessing a person or situation or event; "they criticized my judgment of the contestants"
[n] the market value set on assets
[n] the classification of someone or something with respect to its worth
[n] an amount determined as payable; "the assessment for repairs outraged the club's membership"

Misc. Definitions

\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.]

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