What does appraisal approach mean?

appraisal approach meaning in Law Dictionary

The way marketplace value is expected. The 3 approaches would be the expense strategy, the earnings strategy, therefore the marketplace contrast strategy. AKA assessment strategy.

appraisal approach meaning in Business Dictionary

Process utilized in estimating the marketplace value of a small business, company ownership interest, intangible asset, property, or safety. The three common appraisal methods tend to be: (1) expense approach, (2) income method, and (3) marketplace comparison method. Also referred to as assessment technique.