See here, the meanings of the word estimate, as video and text.
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estimate (noun)
A rough calculation or assessment of the value, size, or cost of something.
estimate (noun)
An upper limitation on some positive quantity.
estimate (verb)
To calculate roughly, often from imperfect data.
estimate (verb)
To judge and form an opinion of the value of, from imperfect data.
Reference:
estimate
January 24, 2019
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