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estimation

/ˌɛstɪˈmeɪʃən/  ·  say it: ES·tuh·MAY·shuhn

a judgment of value or amount

In Nuance & Precision

In more detail

1. (noun) a rough calculation or judgment of a value, size, amount, or cost, rather than an exact measurement

2. (noun) the process of making such a calculation or judgment

3. (noun) a statement of the likely cost of work or services before it is done

Examples

• 1. My estimation of how much the repairs would cost was too low.
• 2. The team's estimation of the project duration was fairly accurate.
• 3. The plumber gave me an estimation of $500 for the new pipes.

Nearby in Nuance & Precision

appraisal, assessment, evaluation, calibration, differentiation, delineation