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It can mean to set the value of property for purposes of taxation, or to charge a person or business a tax or fee. Assess comes from Anglo-French usage, and is ultimately derived from the Latin verb assidēre, to sit as a judge.
What is an example of assessed?
Examples of assess in a Sentence After the hurricane, officials assessed the towns need for aid. We need to assess whether or not the system is working. Damage to the boat was assessed at $5,000. The company was assessed $12 million in fines for polluting the river.
What is the difference between assessed and audited?
While both audits and assessments play crucial roles in organizational management and compliance, understanding their differences is key to leveraging them effectively. Audits provide valuable insights into past conformance, while assessments offer a proactive approach to risk management and performance improvement.
What does assessed mean in banking?
The verb assess has the general meaning of determining the importance or value of something. It also has a few specialized uses having to do with amounts of money, such as fines, fees, and taxes. It can mean to set the value of property for purposes of taxation, or to charge a person or business a tax or fee.
What does it mean when something has been assessed?
to judge or decide the amount, value, quality, or importance of something: The insurers will need to assess the flood damage. They assessed the cost of the flood damage at $2,500.
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Assessed value is the dollar amount a local government assigns to a property for tax purposes. Its also known as a propertys tax value or tax assessed value.
What is the difference between assessed and tested?
Assessment is a broad term that refers to all the different teaching methods trainers might use to evaluate, measure, and document their participants learning progress or skill acquisition. What is a test? An online test helps e-learning participants measure their knowledge and understanding of a topic.
What does assessed payment mean?
Assessment Payments means the periodic repayments of the Loan Amount by Property Owner, due and payable to Lender in such amounts and at such times as described in the Financing Agreement and the Lien.
Related links
Identifying the Culprit: Assessing Eyewitness Identification
by National Research Council 2014 Cited by 305 This report explains the science that has emerged during the past 30 years on eyewitness identifications and identifies best practices in eyewitness procedures
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