Welcome to the 1520 Perfect Dictionary

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Valuation (1)
VALUATION (1)

Definition: A professional judgement about how much money something is worth; its estimated value.
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* All five elements should be in.


1. Purposeful and necessary.

2. Inputs (= facts, figures, basis, etc.) supplied or provided are solid. That is, professional arriving at conclusion gets all the correct data, details, information, etc. required.

3. No guesses or guesstimates, no mental arithmetic or reckoning, no estimates or approximates, etc. is/are involved in getting answer (= worth or value) arrived at.

4. Additions, subtraction, divisions, multiplication, compilation, etc., etc. is/are not wrongly made. That is, the assessor or professional is top-grade. In other words, 'answer' that will be arrived at, will be right.

5. Estimation serves purpose(s).
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See perfect VALUE (1).

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