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estimate

/ˈɛstɨmɨt/

noun

Meaning

  • A rough calculation or assessment of the value, size, or cost of something.

  • (construction and business) A document (or verbal notification) specifying how much a job is likely to cost.

  • An upper limitation on some positive quantity.

Synonyms

appraisal,
estimation

verb

Meaning

  • To calculate roughly, often from imperfect data.

  • To judge and form an opinion of the value of, from imperfect data.

Synonyms

appraise,
assessment