- æstimate (archaic)
Borrowed from Latin aestimatus, past participle of aestimō, older form aestumo (“to value, rate, esteem”); from Old Latin *ais-temos (“one who cuts copper”), meaning one in the Roman Republic who mints money. See also the doublet esteem, as well as aim.
estimate (plural estimates)
- A rough calculation or assessment of the value, size, or cost of something.
- (construction and business) A document (or verbal notification) specifying how much a job is likely to cost.
- 1928, Lawrence R. Bourne, chapter 3, in Well Tackled!:
- “They know our boats will stand up to their work,” said Willison, “and that counts for a good deal. A low estimate from us doesn't mean scamped work, but just that we want to keep the yard busy over a slack time.”
- An upper limitation on some positive quantity.
- To calculate roughly, often from imperfect data.
- 1965, Ian Hacking, Logic of Statistical Inference:
- I estimate that I need 400 board feet of lumber to complete a job, and then order 350 because I do not want a surplus, or perhaps order 450 because I do not want to make any subsequent orders.
- 2003, Alexander J. Field, Gregory Clark, William A. Sundstrom, Research in Economic History:
- Higher real prices for durables are estimated to have reduced their consumption per capita by 1.09% in 1930, ...
- To judge and form an opinion of the value of, from imperfect data.
- 1691, [John Locke], Some Considerations of the Consequences of the Lowering of Interest, and Raising the Value of Money. […], London: […] Awnsham and John Churchill, […], published 1692, OCLC 933799310:
- It is by the weight of silver, and not the name of the piece, that men estimate commodities and exchange them.
- 1870, John Campbell Shairp, Culture and Religion in Some of Their Relations
- It is always very difficult to estimate the age in which you are living.
- estimate in The Century Dictionary, The Century Co., New York, 1911.
- “estimate” in Douglas Harper, Online Etymology Dictionary, 2001–2020.
- estimate in Webster’s Revised Unabridged Dictionary, G. & C. Merriam, 1913.