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Translate files 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.
Etymology
Middle French 'estimer', from Latin 'aestimare' meaning to value or appraise.
Common Phrases and Expressions
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.
Related Words
Slang Meanings
guesstimate
I’ll just guesstimate how many people will show up.
number crunch
We need to number crunch before giving an estimate.