(205 ILCS 205/1007.10) (from Ch. 17, par. 7301-7.10)
Sec. 1007.10.
"Appraisal" means a professionally derived written
conclusion of the value of the present worth of specified
interests or rights in a specific piece of real property,
which conclusion is supported by stipulated market conditions
and explicitly stated assumptions as of a particular point in
time and made for a specified party.
(Source: P.A. 86-1213.)
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