Difference between Estimate and Estimation

What is the difference between Estimate and Estimation?

Estimate as a noun is a rough calculation or guess. while Estimation as a noun is the process of making an estimate

Part of speech: noun

Definition: A rough calculation or guess. A document (or verbal notification) specifying how much a job will probably cost.

Part of speech: verb

Definition: to calculate roughly, often from imperfect data

Example sentence: And when is there time to remember, to sift, to weigh, to estimate, to total?

Part of speech: noun

Definition: The process of making an estimateThe amount, extent, position, size, or value reached in an estimateEsteem or favourable regard

Example sentence: In my estimation, the only thing that is more to be guarded against than bad taste is good taste.

We hope you now know whether to use Estimate or Estimation in your sentence.