What is Appraisal Value?

Legal Definition
The appraisal value is the value of a company based on a projection of future cashflows that its owners will receive from the company's assets as well as from its current and future operations.

The appraisal value is often used to measure the financial performance of insurance companies. It is also a useful tool in measuring the viability of new ventures.
-- Wikipedia
Legal Definition
An opinion that an appraiser gives for the worth of property. The factors that go into this are location, area, improvements, and amenities. The three methods to do this are cost approach, income approach, and market comparison approach. AKA appraised val