A rough calculation or appraisal is an estimate. When you hit another baseball through the kitchen window, your parents will get an estimate of the repair costs. And you should estimate being grounded for approximately 3 weeks.

An estimate is kind of like a very educated guess. Making an estimate takes good evaluation skills, and usually estimates are pretty close to the actual outcome. If the garage bill is way higher than the estimate they gave you, for example, you have a right to be angry. But if you forgot to factor in rush hour traffic when you estimated the drive from Boston to New York, that's your own fault.

Primary Meanings of estimate

judge tentatively or form an estimate of (quantities or time)
an approximate calculation of quantity or degree or worth
the respect with which a person is held
Full Definitions of estimate

v judge tentatively or form an estimate of (quantities or time)

“I estimate this chicken to weigh three pounds”
approximate, gauge, guess, judge
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quantise, quantize
approximate (a signal varying continuously in amplitude) by one whose amplitude is restricted to a prescribed set of discrete values
gauge something incorrectly or improperly
place, put, set
estimate the duration or outcome of something
lowball, underestimate
make a deliberately low estimate
estimate the value of (property) for taxation
calculate as being
count, reckon
take account of
approximate by ignoring all terms beyond a chosen one
estimate based on a calculation
Type of:
calculate, cipher, compute, cypher, figure, reckon, work out
make a mathematical calculation or computation

v judge to be probable

calculate, count on, figure, forecast, reckon
allow, take into account
allow or plan for a certain possibility; concede the truth or validity of something
budget for
calculate enough money for; provide for in the budget
Type of:
evaluate, judge, pass judgment
form a critical opinion of

n an approximate calculation of quantity or degree or worth

“an estimate of what it would cost”
approximation, estimation, idea
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estimation of the amount of lumber in a log
credit, credit rating
an estimate, based on previous dealings, of a person's or an organization's ability to fulfill their financial commitments
dead reckoning, guess, guessing, guesswork, shot
an estimate based on little or no information
guesstimate, guestimate
an estimate that combines reasoning with guessing
overestimate, overestimation, overrating, overreckoning
a calculation that results in an estimate that is too high
underestimate, underestimation, underrating, underreckoning
an estimation that is too low; an estimate that is less than the true or actual value
Type of:
calculation, computation, figuring, reckoning
problem solving that involves numbers or quantities

n a judgment of the qualities of something or somebody

“many factors are involved in any estimate of human life”
an expert estimation of the quality, quantity, and other characteristics of someone or something
capitalisation, capitalization
an estimation of the value of a business
market capitalisation, market capitalization
an estimation of the value of a business that is obtained by multiplying the number of shares outstanding by the current price of a share
Type of:
assessment, judgement, judgment
the act of judging or assessing a person or situation or event

n a document appraising the value of something (as for insurance or taxation)

appraisal, estimation
overappraisal, overestimate, overestimation, overvaluation
an appraisal that is too high
Type of:
commercial document, commercial instrument
a document of or relating to commerce

n a statement indicating the likely cost of some job

“he got an estimate from the car repair shop”
Type of:
a message that is stated or declared; a communication (oral or written) setting forth particulars or facts etc

n the respect with which a person is held

report, reputation
the general estimation that the public has for a person
Type of:
esteem, regard, respect
an attitude of admiration or esteem

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