Meaning & Definition of word "Estimation"

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    Estimation

    /ˌɛstəˈmeɪʃən/

    noun:

    • 1. A judgment or opinion about the value or worth of something.
      • Example: In my estimation, the project is worth pursuing.
    • 2. An approximate calculation or judgment regarding the size, amount, or value of something.
      • Example: The contractor provided an estimation of the costs involved in the renovation.
    • 3. The process of making a judgment about the value, size, or cost of something.
      • Example: After careful estimation, we concluded that the trip would be feasible.
    • 4. A calculation made using available data or information.
      • Example: The estimation of the population growth was based on last year's census data.

    Etymology

    Early 15th century: from Latin ‘aestimatio’, from ‘aestimare’ meaning 'to value' or 'to rate.'

    Common Phrases and Expressions

    in my estimation:

    according to my judgment or opinion.

    rough estimation:

    an approximate calculation that is not exact.

    in good estimation:

    held in high regard or respected.

    Related Words

    estimate:

    A rough calculation or judgment of the value, number, quantity, or extent of something.

    assess:

    To evaluate or estimate the nature, ability, or quality of.

    Slang Meanings of estimation