estimate
noun
  1. a calculation of the probable cost, size or time of something

    Example

    Can you give me an estimate of how much time was spent on the job?

  2. a calculation by a contractor or seller of a service of how much something is likely to cost, given to a Client in advance of an order

    Examples
    • You should ask for an estimate before committing yourselves.

    • Before we can give the grant we must have an estimate of the total costs involved.

    • Unfortunately the final Bill was quite different from the estimate.

verb

to calculate the probable cost, size, or time of something

Examples
  • to estimate that it will cost £1m or to estimate costs at £1m

  • We estimate current sales at only 60 per cent of last year.

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