Meaning of the word valuation in English

What does valuation mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

valuation

US /ˌvæl.juˈeɪ.ʃən/

UK /ˌvæl.juˈeɪ.ʃən/

an estimation of the worth of something, especially one carried out by a professional valuer.

Example:

•

it is wise to obtain an independent valuation

Synonym:

price value evaluation costing quotation estimate