Definition of estimate noun from the Oxford Advanced Learner's Dictionary



    BrE BrE//ˈestɪmət//
    ; NAmE NAmE//ˈestɪmət//
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  1. 1  a judgement that you make without having the exact details or figures about the size, amount, cost, etc. of something I can give you a rough estimate of the amount of wood you will need. a ballpark estimate (= an approximate estimate) official government estimates of traffic growth over the next decade At least 5 000 people were killed, and that's a conservative estimate (= the real figure will be higher).
  2. 2  a statement of how much a piece of work will probably cost We got estimates from three firms and accepted the lowest.
  3. Word Origin late Middle English: from Latin aestimat- ‘determined, appraised’, from the verb aestimare. The noun originally meant ‘intellectual ability, comprehension’ (only in late Middle English), later ‘valuing, a valuation’ (compare with estimation). The verb originally meant ‘to think well or badly of someone or something’ (late 15th cent.), later ‘regard as being, consider to be’ (compare with esteem).Extra examples According to the highest estimate, over 100 000 men died in the battle. According to the revised estimate, four million people will be without homes. By one estimate she earns $80 million a year. Can you make an estimate of the numbers involved? Casualty estimates vary considerably. Cost estimates vary from $50 000 to $200 000. Current estimates suggest that supplies will run out within six months. Even at a conservative estimate, there is a lot of work to be done. Flight times in the brochure are based on our best estimate, and will be confirmed as soon as possible. How can one obtain the revised estimates? I think 15 000 will turn out to be a very low estimate. In his first estimate, he suggested a figure of £5 000. Inaccurate estimates can lead to overproduction. Inflation could rise by 15% according to the latest estimate. It appears that the total will exceed the estimate. One estimate suggests that 30 000 jobs may be lost. Some estimates put the figure as high as 50%. The manufacturers will not make precise estimates. The slump is causing analysts to revise earnings estimates for next year. Three companies submitted estimates for the work. We compared estimates for various materials. We will send you an estimate for the repairs. an estimate of £300 an overall estimate of test performance annual estimates of total cost annual population estimates for small geographic areas At least 5 000 people were killed, and that’s a conservative estimate. These are the official government estimates of traffic growth over the next decade. We got estimates for the repair work from three firms and accepted the lowest. a ballpark estimate
See the Oxford Advanced American Dictionary entry: estimate

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