IPA: /əˈpreɪzmənt/
KK: /əˈpreɪzmənt/
An evaluation or assessment of the value of something, often used in the context of property or assets.
The appraisement of the house was higher than expected, which pleased the seller.
Appraisement is formed from "appraise" (from Old French *apreiser*, meaning to value or estimate) and the suffix "-ment" (meaning the action or result of). The word refers to the action or result of estimating the value of something.
Think of the action of 'valuing' something ('appraise') and how '-ment' indicates the result of that action. This helps you remember that 'appraisement' is the result of estimating value.