appraisal and disposition

Appraisal is the process of determining the value of an asset, such as property or valuables, often conducted by a professional to provide an accurate estimate for buying, selling, or insurance purposes. Disposition refers to the act of transferring or removing the asset from ownership, which may include selling, donating, moving, or disposing of it. In short, appraisal helps assess how much an asset is worth, while disposition involves the decision or action to part with or manage that asset. Both are important steps in managing assets responsibly and effectively.