Answer: a likely price that the bonds can be sold which are based on market prices of similar securities
Step-by-step explanation:
An appraiser bond is an insurance which is bought by appraise which show that they comply with certain laws and regulations. It gives confidence to the buyer of a home that their appraiser will be honest with them concerning the worth of the house.
When a municipal dealer gives a customer a "bond appraisal," he is disclosing a likely price that the bonds can be sold which are based on market prices of similar securities