assess

assess definition - business

assess

  1. To impose a tax or fine on a person or organization. For example, a community may assess property owners for new sidewalks.
  2. To establish a financial value for something. For example, an insurance adjuster assesses the cost of repairing the wrecked vehicle of a policyholder.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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