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Appropriation Definition

By Elizabeth

What is Appropriation? What does Appropriation mean?

Appropriation is derived from the word appropriate. Apart from the common appropriate (pronounced uh-pro-pree-uht) which means acceptable or suitable, Appropriate (uh-pro-pree-ate) means to set aside for a particular purpose, or to assign a specific use, as in an Appropriated Expenditure. Appropriation can mean something that has been set aside, but it also refers to the wrongful use of property, or taking property of another.

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Appropriated Expenditure Definition

By Elizabeth

What is an Appropriated Expenditure?

An appropriated expenditure is a monetary amount specifically stated in the budget, set aside for a specific purchase, acquisition, or purpose. This money is assigned to a specific project or department, etc. For example, a government may appropriate a specific amount of financial support to its defense department to fund the operation of the department for an entire year. The money given to the defense department is what makes up the department’s appropriated expenditures.

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Appropriate Definition

By Elizabeth

What does Appropriate mean? What is Appropriation?

Apart from the common appropriate (pronounced uh-pro-pree-uht) which means acceptable or suitable, Appropriate (uh-pro-pree-ate) means to set aside for a particular purpose, or to assign a specific use. Appropriation also refers to the wrongful use of property, or taking property of another.

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Apprentice Definition

By Elizabeth

What is an Apprentice?

An apprentice is someone who is in practice at a skill that they would like to eventually master. This is a person who is learning a skill or trade from more experienced craftsmen while at work. Learning as you work is the key to apprenticeship, a student in a school is not an apprentice because they are not actually working in the field.

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Appreciation Definition

By Elizabeth

What is Appreciation? What does Appreciation mean?

In accounting, the appreciation of an asset is an increase in its value. In this sense it is the reverse of depreciation, which measures the fall in value of assets over their normal life-time. Generally, the term is reserved for property or, more specifically, land and buildings. Land and buildings are more likely to increase in value, whereas assets are most likely to depreciate over time. Appreciation is any increase in value over time.

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Appreciated Property Definition

By Elizabeth

What is Appreciated Property?

Appreciated property is property that has gone up in value from it’s original purchase price, due to the market, the neighborhood, cost of similar property etc, and a new appraised value. Any property that has gone up in value can be considered appreciated property.

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Appreciate Definition

By Elizabeth

What does Appreciate mean? What does it mean to Appreciate? What is Appreciation?

In accounting, the appreciation of an asset is an increase in its value. In this sense it is the reverse of depreciation, which measures the fall in value of assets over their normal life-time. Generally, the term is reserved for property or, more specifically, land and buildings. Land and buildings are more likely to increase in value, whereas assets are most likely to depreciate over time. Appreciation is any increase in value over time.

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Appraiser Definition

By Elizabeth

What is an Appraiser? What does an Appraiser do?

An appraiser is someone who estimates the value, worth, or quality of assets, items, or property. An appraiser might also be used to determine the authenticity or validity of assets such as artwork, collectibles, or jewelery. Although there are professional, certified, and licensed appraisers, technically an appraiser is anyone who assigns value to property, whether it is real estate or personal property.

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Appraise Definition

By Elizabeth

What does it mean to appraise? What is appraisal?

To appraise is to decide or set upon a value for a specific item, asset, or property based on cost, market, and any future income it might produce. Professional appraisers usually set these values, writing appraisal reports that can be used to accurately valuate assets and property. Appraisal might also refer to a judgment upon something else, such as a person during a performance appraisal.

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