limited appraisal

limited appraisal
One of two types of appraisals defined by the Uniform Standards of Professional Appraisal Practice ( USPAP). Under USPAP, a limited appraisal may be performed when the appraiser invokes a USPAP provision that it calls the departure provision. Limited appraisals may only deviate from the requirements set forth for complete appraisals in specifically identified areas.
See appraisal, complete appraisal and evaluation. American Banker Glossary

Financial and business terms. 2012.

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