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Meaning Of Assessment
n.
The act of assessing; the act of determining an amount
to be paid; as, an assessment of damages, or of taxes; an assessment of
the members of a club.
n.
A valuation of property or profits of business, for the
purpose of taxation; such valuation and an adjudging of the proper sum
to be levied on the property; as, an assessment of property or an
assessment on property.
n.
The specific sum levied or assessed.
n.
An apportionment of a subscription for stock into
successive installments; also, one of these installments (in England
termed a "call").