# estimate

81

**good faith estimate**— (GFE) A disclosure that real estate mortgage lenders must, under the Real Estate Settlement Procedures Act (RESPA), give to all mortgage loan applicants within three days of when they apply. The disclosure must estimate all settlement charges the …82

**National Trade Estimate Report**— The National Trade Estimate Report (National Trade Estimate book or NET book) is an annual series that surveys significant foreign barriers to U.S. exports. The report provides, where feasible, quantitative estimates of the impact of these… …83

**Earnings Estimate**— An analyst s estimate for a company s future quarterly or annual earnings. Future earnings estimates are arguably the most important input when attempting to value a firm. By placing estimates on the earnings of a firm for certain periods… …84

**genuine pre-estimate**— Where a clause in a contract which professes to pre set compensation payable where a contract term is broken is a penalty rather than a genuine pre estimate of likely losses, then such a clause is unenforceable. This does not apply to the… …85

**presale estimate**— UK US noun [C] (also presale price) FINANCE ► the price that something is expected to sell for, especially at an auction: »The photograph carries a presale estimate of $15,000 to $20,000 …86

**biased estimate**— a point estimate that is not unbiased, i.e., a point estimate that for some reason should tend to be wrong in a given direction …87

**maximum likelihood estimate**— the estimate of a parameter describing a population distribution that makes the likelihood function take its maximum value; an estimate of the parameter that maximizes the probability of obtaining the sample values actually observed …88

**unbiased estimate**— a point estimate having a sampling distribution with a mean equal to the parameter being estimated; i.e., the estimate will be greater than the true value as often as it is less than the true value …89

**ball park estimate**— AND ball park figure . a rough estimate. □ I can only give you a ball park estimate at this time. □ All I need is a ball park figure. Exactness comes later …90

**national intelligence estimate**— A strategic estimate of the capabilities, vulnerabilities, and probable courses of action of foreign nations produced at the national level as a composite of the views of the intelligence community. Also called NIE …