English Dictionary: Assessment | by the DICT Development Group |
2 results for Assessment | |
From WordNet (r) 3.0 (2006) [wn]: | |
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From Webster's Revised Unabridged Dictionary (1913) [web1913]: | |
Assessment \As*sess"ment\, n. [LL. assessamentum.] 1. The act of assessing; the act of determining an amount to be paid; as, an assessment of damages, or of taxes; an assessment of the members of a club. 2. A valuation of property or profits of business, for the purpose of taxation; such valuation and an adjudging of the proper sum to be levied on the property; as, an assessment of property or an assessment on property. Note: An assessment is a valuation made by authorized persons according to their discretion, as opposed to a sum certain or determined by law. It is a valuation of the property of those who are to pay the tax, for the purpose of fixing the proportion which each man shall pay. --Blackstone. Burrill. 3. The specific sum levied or assessed. 4. An apportionment of a subscription for stock into successive installments; also, one of these installments (in England termed a [bd]call[b8]). [U. S.] |