Estimate | Mean of estimate in English Dictionary

/ˈɛstəmət/

• Noun
• a guess that you make based on the information you have about the size, amount, etc., of something
1. According to government estimates, current oil reserves are 10 percent lower than they were a year ago.
2. One conservative estimate is that he stole five million dollars.
3. At a (very) rough estimate, the job will take three months.
• a statement about how much a job will cost
1. We solicited several estimates for the project.
2. The contractor's estimate for the job seemed high.
• an opinion or judgment about how good or bad something is
1. He has a high estimate [=opinion, estimation] of his own abilities.
2. The company's products are, by general estimate, poorly made.
• Verb

• to give or form a general idea about the value, size, or cost of (something)
1. They estimated the distance at/as about three miles.
2. We need to estimate how much paint we'll need for the job.
3. The cost of the project has been estimated at/as about 10 million dollars.
4. He estimates that current oil reserves are 20 percent lower than they were a year ago.
5. Damage from the hurricane is estimated (to be) in the billions of dollars.