Pricing vs Estimate - What's the difference?

pricing | estimate |


As verbs the difference between pricing and estimate

is that pricing is while estimate is to calculate roughly, often from imperfect data.

As nouns the difference between pricing and estimate

is that pricing is the act of setting a price while estimate is a rough calculation or guess.

pricing

English

Verb

(head)
  • Noun

    (wikipedia pricing)
  • the act of setting a price
  • the level at which a price is set
  • estimate

    English

    Alternative forms

    * (archaic)

    Noun

    (en noun)
  • A rough calculation or guess.
  • (construction and business) A document (or verbal notification) specifying how much a job will probably cost.
  • * {{quote-book, year=1928, author=Lawrence R. Bourne
  • , title=Well Tackled! , chapter=3 citation , passage=“They know our boats will stand up to their work,” said Willison, “and that counts for a good deal. A low estimate from us doesn't mean scamped work, but just that we want to keep the yard busy over a slack time.”}}

    Synonyms

    * estimation * appraisal

    Derived terms

    * ballpark estimate

    Verb

  • To calculate roughly, often from imperfect data.
  • * {{quote-book, year=1965, author=Ian Hacking, title=Logic of Statistical Inference, passage=I estimate that I need 400 board feet of lumber to complete a job, and then order 350 because I do not want a surplus, or perhaps order 450 because I do not want to make any subsequent orders.
  • citation
  • * '>citation
  • To judge and form an opinion of the value of, from imperfect data.
  • * John Locke
  • It is by the weight of silver, and not the name of the piece, that men estimate commodities and exchange them.
  • * J. C. Shairp
  • It is always very difficult to estimate the age in which you are living.

    Synonyms

    * appraise * guess

    Derived terms

    * estimable * underestimate * overestimate