In Scotch law. To approve and reject; to take advantage of one part, and reject the rest Bell. Equity suffers no person to approbate and reprobate the same deed. Law Dictionary - Alternative Legal Definition In Scotland this term is used to signify to approve and reject. It is a maxim quod approbo non reprobo. For example, if a testator give his property to A, and give A's … [Read more...]

The value of an item that is provided by an expert, an appraiser, who has experience in the field in order to make an accurate assessment of the value of the item or property. … [Read more...]

1. To make a thing one's own; to make a thing the subject of property; to exercise dominion over an object to tiie extent, and for vthe purpose, of making it subserve one's own proper use or pleasure. The term is properly used in this sense to denote the acquisition of property and a right of exclusive enjoyment in those things which before were without an owner or were publici … [Read more...]

In practice. To fix or set a price or value upon; to fix and state the true value of a thing, and, usually, in writing. Law Dictionary - Alternative Legal Definition To value, to assess or ascertain worth, to provide an appraisal. … [Read more...]

The act of appropriating , or setting apart; prescribing the destination of a thing; designating the use or application of a fund. In public law. The act by which the legislative department of government designates a particular fund, or sets apart a specified portion of the public revenue or of the money in the public treasury, to be applied to some general object of … [Read more...]