IPA: /əˈpreɪzəl/
KK: /əˈpreɪzəl/
A formal evaluation or assessment of something, often related to its value or quality.
The appraisal of the house revealed that it was worth much more than expected.
Appraisal is formed from "ap-" (meaning to) and "prae" (meaning before) combined with "-sal" (from Latin "salarium", meaning payment or reward). The term originally referred to the act of assessing the value of something, often in relation to compensation or payment.
Think of the idea of assessing something 'before' ('prae') making a decision about its value, which is what appraisal means.