Definitions

1. verb

to form an opinion about the amount or value of something, or to calculate the amount or value of something.

“The contractor will estimate the cost of the project and send a proposal to the client.”

2. noun

a statement or calculation of the amount or value of something, especially a rough calculation or forecast.

“The market analysts provided a preliminary estimate of the company’s quarterly earnings.”

3. noun

a person who estimates the value or cost of something.

“The building inspector acted as an independent estimate to determine the damage to the property.”

4. noun

an approximate calculation or measurement, especially of something that is difficult to measure or calculate.

“The researchers used an estimate of the population size to plan their study.”

5. verb (transitive)

to assign or attribute a value or cost to something.

“The insurance company estimated the damage to the house and provided a payout to the policyholder.”