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estimate (n.)

1560s, "valuation," from Latin aestimatus "determine the value of," figuratively "to value, esteem," verbal noun from aestimare (see esteem (v.)). Earlier in sense "power of the mind" (mid-15c.). Meaning "approximate judgment" is from 1580s. As a builder's statement of projected costs, from 1796.

estimate (v.)

1530s, "appraise the worth of," from Latin aestimatus, past participle of aestimare "to value, appraise" (see esteem (v.)). Meaning "form an approximate notion" is from 1660s. Related: Estimated; estimates; estimating.

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Definitions of estimate from WordNet
1
estimate (n.)
an approximate calculation of quantity or degree or worth;
an estimate of what it would cost
estimate (n.)
a judgment of the qualities of something or somebody;
many factors are involved in any estimate of human life
Synonyms: estimation
estimate (n.)
a document appraising the value of something (as for insurance or taxation);
Synonyms: appraisal / estimation
estimate (n.)
a statement indicating the likely cost of some job;
he got an estimate from the car repair shop
estimate (n.)
the respect with which a person is held;
Synonyms: estimation
2
estimate (v.)
judge tentatively or form an estimate of (quantities or time);
I estimate this chicken to weigh three pounds
Synonyms: gauge / approximate / guess / judge
estimate (v.)
judge to be probable;
Synonyms: calculate / reckon / count on / figure / forecast
From wordnet.princeton.edu