estimate

1. 1

   A rough calculation or assessment of the value, size, or cost of something.

   • “They know our boats will stand up to their work,” said Willison, “and that counts for a good deal. A low estimate from us doesn't mean scamped work, but just that we want to keep the yard busy over a slack time.”
2. 2

   A rough calculation or assessment of the value, size, or cost of something.; A document (or verbal notification) specifying how much a job is likely to cost.specifically

3. 3

   An upper limitation on some positive quantity.

   • The desired norm estimate is now obtained from the identity... [referring to an earlier statement saying that a certain norm is less than or equal to a certain expression]

1. 1

   To calculate roughly, often from imperfect data.

   • I estimate that I need 400 board feet of lumber to complete a job, and then order 350 because I do not want a surplus, or perhaps order 450 because I do not want to make any subsequent orders.
   • Higher real prices for durables are estimated to have reduced their consumption per capita by 1.09% in 1930, […]
2. 2

   To judge and form an opinion of the value of, from imperfect data.

   • It is by the weight of silver, and not the name of the piece, that men estimate commodities and exchange them.
   • It is always very difficult to estimate the age in which you are living.

syn. appraise · assess · approximate · put · give

1. 1

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