estimate

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.

Definitions of estimate
  1. verb
    judge tentatively or form an estimate of (quantities or time)
    “I estimate this chicken to weigh three pounds”
    synonyms: approximate, gauge, guess, judge
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    types:
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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
    misgauge
    gauge something incorrectly or improperly
    place, put, set
    estimate
    give
    estimate the duration or outcome of something
    lowball, underestimate
    make a deliberately low estimate
    assess
    estimate the value of (property) for taxation
    make
    calculate as being
    count, reckon
    take account of
    truncate
    approximate by ignoring all terms beyond a chosen one
    guesstimate
    estimate based on a calculation
    type of:
    calculate, cipher, compute, cypher, figure, reckon, work out
    make a mathematical calculation or computation
  2. verb
    judge to be probable
    synonyms: calculate, count on, figure, forecast, reckon
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    types:
    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
  3. noun
    an approximate calculation of quantity or degree or worth
    “an estimate of what it would cost”
    synonyms: approximation, estimation, idea
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    scalage
    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
  4. noun
    a judgment of the qualities of something or somebody
    “many factors are involved in any estimate of human life”
    synonyms: estimation
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    types:
    appraisal
    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
  5. noun
    a document appraising the value of something (as for insurance or taxation)
    synonyms: appraisal, estimation
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    types:
    overappraisal, overestimate, overestimation, overvaluation
    an appraisal that is too high
    type of:
    commercial document, commercial instrument
    a document of or relating to commerce
  6. noun
    a statement indicating the likely cost of some job
    “he got an estimate from the car repair shop”
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    type of:
    statement
    a message that is stated or declared; a communication (oral or written) setting forth particulars or facts etc
  7. noun
    the respect with which a person is held
    synonyms: estimation
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    types:
    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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