Assess Definition and Legal Meaning
On this page, you'll find the legal definition and meaning of Assess, written in plain English, along with examples of how it is used.
What is Assess?
(v) Assess is the action by which the worth, quantum or limits of an article, property, right or liability etc is arrived or otherwise worked out from the apparent features and circumstances prevailing there in. Eg. 1.Assess the taxable income.2. Assess the damages caused by an accident.
History and Meaning of Assess
Assess is derived from the Latin word "assessus," which means "to sit by." In legal terms, it means to calculate or evaluate the value, amount, or quality of something through analysis and observation of its features and circumstances. Assess is a common legal term that is used to determine the liability or assets of a person or organization for tax or insurance purposes. It is an essential part of the legal process and serves as a basis for decision-making in many legal situations.
Examples of Assess
- The court will assess the damages caused by the defendant's negligence.
- The government agency will assess the market value of the property for taxation purposes.
- The insurance adjuster will assess the extent of the loss covered under the policy.
- The auditor will assess the financial statements of the company to ensure compliance with accounting standards.
- The judge will assess the credibility of the witness before making a decision.
Legal Terms Similar to Assess
- Evaluate - To determine the worth or quality of something through analysis and observation.
- Appraise - To determine the value of something, usually for the purpose of sale or mortgage.
- Determine - To arrive at a decision, judgment, or opinion through analysis and observation.