prizement

noun

1. An appraisement or valuation.

   obsolete

   "When sufficient men are sworn to prize" (appraise) "children's goods, the said goods shall not be forced on them, under pretence of overrating them, (for men must discharge their consciences,) but the executors or overseers must take all things according to the prizement."

Where it comes from

According to Oxford, this term first began seeing usage in the late 1400s, during the Middle English period.

Adapted from the Wiktionary entry prizement (CC BY-SA 4.0).

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