estimate

Language: EN · Kind: word · Transcription: [/ˈɛs.tɪˌmeɪt/]

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Senses

1. estimate (verb) — sense 1

Definition: To calculate roughly, often from imperfect data.

Example: I estimate that I need 400 board feet of lumber to complete a job, and then order 350 because I do not want a surplus, or perhaps order 450 because I do not want to make any subsequent orders.

2. estimate (verb) — sense 2

Definition: To judge and form an opinion of the value of, from imperfect data.

Example: It is by the weight of silver, and not the name of the piece, that men estimate commodities and exchange them.

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