a valuing or rating by the mind, without actually measuring, weighing, or the like; rough or approximate calculation; as, an estimate of the cost of a building, or of the quantity of water in a pond. Weigh success in a moral balance, and our whole estimate is changed. (j. C. Shairp)
Synonym: estimate, estimation, Esteem.
The noun estimate, like its verb, supposes chiefly an exercise of judgment in determining the amount, importance, or magnitude of things, with their other exterior relations; as, an estimate of expenses incurred; a true estimate of life, etc. Esteem is a moral sentiment made up of respect and attachment, the valuation of a person as possessing useful qualities or real worth. Thus we speak of the esteem of the wise and good as a thing greatly to be desired. Estimation seems to waver between the two. In our version of the Scriptures it is used simply for estimate; as, If he be poorer than thy estimation. . In other cases, it verges toward esteem; as, I know him to be of worth and worthy estimation. . It will probably settle down at last on this latter sense. Esteem is the value we place upon some degree of worth. It is higher than simple approbation, which is a decision of judgment. It is the commencement of affection. No; dear as freedom is, and in my hearts just estimation prized above all price. (Cowper)