Word of the Week #5

Valuations

"Although the price might have fallen later, Otis said the risk would have been that valuations were so low the boards of directors wouldn’t have approved the deal."
http://www.msnbc.msn.com/id/35486250/ns/business-success_in_hard_times/

Valuation- Noun.

1. the act of valuing, esp a formal assessment of the worth of property, jewellery, etc.

2. the price arrived at by the process of valuing

I took the ring to a jeweler to find out it's actual valuation.