Evaluation and Method

noun

• Act of ascertaining or fixing the value or worth of.
  • synonyms: rating
• An appraisal of the value of something.
  • usage: "he set a high valuation on friendship"
  • synonyms: valuation, rating

evaluation is the act or process of estimating the market value of real estate when a transaction secured by real estate falls within one or more of the exemptions set forth to the requirements for obtaining a full appraisal. If a transaction falls under one of three exemptions, an evaluation is required. If the transaction is exempted under one or more exemptions not including one of the three that require an evaluation, an evaluation may still conducted if the lender considers it prudent. An evaluation may be conducted by independent bank personnel or by an appraiser. When an appraiser conducts such an estimate of value, it is called a limited appraisal and must meet requirements for limited appraisals. See: limited appraisals and USPAP.

noun

• A way of doing something, especially a systematic way; implies an orderly logical arrangement (usually in steps. )
• An acting technique introduced by Stanislavsky in which the actor recalls emotions or reactions from his or her own life and uses them to identify with the character being portrayed.
  • synonyms: method acting

• (n.) An orderly procedure or process; regular manner of doing anything; hence, manner; way; mode; as, a method of teaching languages; a method of improving the mind.
• (n.) Orderly arrangement, elucidation, development or classification; clear and lucid exhibition; systematic arrangement peculiar to an individual.
• (n.) Classification; a mode or system of classifying natural objects according to certain common characteristics; as, the method of Theophrastus; the method of Ray; the Linnaean method.