Estimate

/ˈɛstɪmeɪt/

Meaning & Definition

noun

An approximate calculation or judgment regarding the value, number, quantity, or extent of something.

The contractor provided an estimate for the renovations.

A valuation or assessment of something.

The estimate of the house's worth was significantly higher than expected.

verb

To determine an approximate value, amount, or quantity.

We need to estimate the cost of the project before proceeding.

To form an opinion or judgment about something.

He was asked to estimate the effectiveness of the new marketing strategy.

Middle French 'estimer', from Latin 'aestimare' meaning to value or appraise.

underestimate

To value something as less than its actual worth.

ballpark estimate

An approximate estimate meant to be fairly close to the actual value.

educated guess

A guess that is made based on knowledge or experience.

estimate

a calculated approximation or assessment of some value

appraisal

an expert estimate of the value of something

valuation

the process of determining the current worth of an asset or company

assess

to evaluate or estimate the nature, ability, or quality of

guesstimate

I’ll just guesstimate how many people will show up.

number crunch

We need to number crunch before giving an estimate.