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  2. An appraisal is an independent and objective estimate of an asset’s value conducted by an expert with appropriate credentials. The appraiser conducting the estimate of value must be completely independent of all other stakeholders in the transaction.
    corporatefinanceinstitute.com/resources/commerci…
    In finance, an appraisal can refer to the assessment of a property or asset's market value. In the context of business, an appraisal is also considered a performance review of a company's employees. The employees' manager usually conducts the appraisals and uses a set of criteria to evaluate their productivity and performance.
    sg.indeed.com/career-advice/career-development/…
    In general, an appraiser is someone who assesses the value of a piece of property, particularly to determine a fair sale price. A business appraiser specializes in evaluating tangible and intangible property to determine what a business is worth.
    www.thebalancemoney.com/what-is-an-appraiser-…
     
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