American Dictionary of the English Language

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ESTIMA'TION, noun [Latin oestimatio.] The act of estimating.

1. Calculation; computation; an opinion or judgment of the worth, extent or quantity of any thing, formed without using precise data. We may differ in our estimations of distance, magnitude or amount, and no less in our estimation of moral qualities.

1. Esteem; regard; favorable opinion; honor.

I shall have estimation among the multitude, and honor with the elders.