evaluation vs appraisal

evaluation and appraisal both are nouns.

Word	Noun	Adjective	Verb	Adverb
evaluation	Yes	No	No	No
appraisal	Yes	No	No	No

As nouns, appraisal is a hypernym of evaluation; that is, appraisal is a word with a broader meaning than evaluation:

evaluation: an appraisal of the value of something
appraisal: the classification of someone or something with respect to its worth

Other hypernyms of evaluation include assessment.

evaluation (noun)	appraisal (noun)
act of ascertaining or fixing the value or worth of	an expert estimation of the quality, quantity, and other characteristics of someone or something
an appraisal of the value of something	the classification of someone or something with respect to its worth
	a document appraising the value of something (as for insurance or taxation)