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7 meanings: (ˈɛstɪˌmeɪt ) 1. to form an approximate idea of (distance, size, cost, etc); calculate roughly; gauge 2. to form.... Click for more definitions. Learn the definition, synonyms, collocations, and usage of the word estimate in American English. Find examples, translations, and forum discussions of estimate and related terms. ESTIMATE meaning: 1. to guess or calculate the cost, size, value, etc. of something: 2. a guess of what the size…. Learn more. Learn the meaning, pronunciation, grammar and examples of the verb estimate , which means to form an idea of the cost, size, value, etc. of something without calculating it exactly. See also related words and topics in the Oxford Learner's Thesaurus and Dictionary.