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