estimate

²es·ti·mate

noun \ˈes-tə-mət\

Definition of ESTIMATE

1

: the act of appraising or valuing : calculation

2

: an opinion or judgment of the nature, character, or quality of a person or thing <had a high estimate of his abilities>

3

a : a rough or approximate calculation b : a numerical value obtained from a statistical sample and assigned to a population parameter

4

: a statement of the cost of work to be done

Examples of ESTIMATE

1. According to government estimates, current oil reserves are 10 percent lower than they were a year ago.
2. One conservative estimate is that he stole five million dollars.
3. We solicited several estimates for the project.
4. The contractor's estimate for the job seemed high.
5. The company's products are, by general estimate, poorly made.

First Known Use of ESTIMATE

1552

Related to ESTIMATE

Synonyms: appraisal, appraisement, assessment, estimation, evaluation, reckoning, valuation

Related Words: calculation, computation, measurement, mensuration; audit, check, checkup, examination, inspection, review, scan, scrutiny, survey; reassessment, transvaluation; overestimation, overevaluation; underestimation

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Rhymes with ESTIMATE

guesstimate