Assessment
[ə'sesmənt] or [ə'sɛsmənt]
Definition
(noun.) the market value set on assets.
(noun.) an amount determined as payable; 'the assessment for repairs outraged the club's membership'.
Typed by Annette--From WordNet
Definition
(n.) 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.
(n.) 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.
(n.) The specific sum levied or assessed.
(n.) An apportionment of a subscription for stock into successive installments; also, one of these installments (in England termed a "call").
Editor: Roxanne
Synonyms and Synonymous
n. [1]. Assessing, valuation.[2]. Tax, impost, charge, rate.
Typed by Brooke
Examples
- It might not, perhaps, be altogether so certain, and the assessment of the tax might frequently occasion a good deal more trouble to the landlord. Adam Smith. An Inquiry into the Nature and Causes of the Wealth of Nations.
- Whatever inequalities, therefore, there might be in the original assessment, gave little disturbance. Adam Smith. An Inquiry into the Nature and Causes of the Wealth of Nations.
- This additional tax is rated upon all the different districts subject to the taille according to the old assessment. Adam Smith. An Inquiry into the Nature and Causes of the Wealth of Nations.
- The government neither gains nor loses by the additional tax, which is applied altogether to remedy the inequalities arising from the old assessment. Adam Smith. An Inquiry into the Nature and Causes of the Wealth of Nations.
Editor: Tess