appraisal cost

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English[edit]

Noun[edit]

appraisal cost (plural appraisal costs)

  1. (real estate, usually in plural) The costs that are incurred in assessing that products/services conform to the requirements. It relates to testing, executing, and examination to assess whether specified quality is being maintained. Some example component items of the total appraisal costs are: product quality audits, process control monitoring, inspection and testing of goods, and maintenance of test equipment.