One of the mysteries of the English language finally explained.
The action or an act of giving a monetary value to something.
Early 17th century; earliest use found in Henry Cockeram (fl. 1623–1658), lexicographer. From classical Latin adaerātiōn-, adaerātiō calculation (of the area of a piece of land) (2nd cent. a.d. in texts on land surveying), in post-classical Latin also evaluation, payment from adaerāt-, past participial stem of adaerāre to calculate (the area of a piece of land) (2nd cent. a.d. in a text on land surveying), in post-classical Latin also to estimate, appraise, value + -iō.
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