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").