QUALIFIED APPRAISAL
\kwˈɒlɪfˌa͡ɪd ɐpɹˈe͡ɪsə͡l], \kwˈɒlɪfˌaɪd ɐpɹˈeɪsəl], \k_w_ˈɒ_l_ɪ_f_ˌaɪ_d ɐ_p_ɹ_ˈeɪ_s_əl]\
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A document that is generated by a qualified appraiser after assessing the value of a property. The assessment must meet certain IRS standards and expectations. It must conform to the Uniform Standards of Professional Appraisal Practice (USPAP).
By Henry Campbell Black
Word of the day
Snake's-head
- Guinea-hen flower; -- so called in England because its spotted petals resemble the scales of a snake's head.