APPRAISEMENT

appraisement. 1. APPRAISAL. 2. An ADR method used for resolving the amount or extent of liability on a contract when the issue of liability itself is not in dispute. • Unlike arbitration, appraisement is not a quasi-judicial proceeding but instead an informal determination of the amount owed on a contract. [Cases: Arbitration 1. C.J.S. Arbitration […]