Entity: REVALUATION
Revaluation refers to the act of recalculating the value of something, often resulting in a higher value than previously assessed.
REVALUATION
Etymology
The term 'revaluation' originates from the Latin word 're-' meaning again, and 'valuation' referring to the act of assessing the value of something.
Definition
Revaluation is the process of recalculating the value of something, often resulting in a higher value than previously assessed. It involves a new appraisal or evaluation, leading to a revised or new valuation or estimate.
Historical Context
Revaluation has been used in various contexts throughout history, such as in economics, finance, and asset valuation, to reflect changes in value over time.
Cultural Significance
In some cultures, revaluation is seen as a positive process that can lead to increased prosperity and growth. It can also be a tool for correcting undervalued assets.
Related Concepts
Revaluation is related to concepts such as reassessment, reappraisal, and revaluation of currency exchange rates.
See Also
A process of reassessing the value of something, typically leading to an increase in its perceived worth.