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What does guesstimate mean?

Looking for the meaning or definition of the word guesstimate? Here's what it means.

Noun
  1. (informal) An estimate that is hardly any better than a guess, often because it is based on insufficient or unreliable data.
Verb
  1. (intransitive) To make a guesstimate.
  2. (transitive) To make a guesstimate of a specific quantity.
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