Usually means: Rough estimate based on intuition.
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We found 13 dictionaries that define the word guestimate:

General (12 matching dictionaries)
  1. guestimate: Oxford Learner's Dictionaries
  2. guestimate: Collins English Dictionary
  3. guestimate: Vocabulary.com
  4. guestimate: Wordnik
  5. guestimate: Cambridge Advanced Learner's Dictionary
  6. guestimate: Wiktionary
  7. guestimate: Infoplease Dictionary
  8. guestimate: Dictionary.com
  9. guestimate: Rhymezone
  10. guestimate: FreeDictionary.org
  11. guestimate: Mnemonic Dictionary
  12. guestimate: TheFreeDictionary.com

Slang (1 matching dictionary)
  1. guestimate: Urban Dictionary

(Note: See guestimates as well.)

Definitions from Wiktionary (Guestimate)

noun:  Alternative spelling of guesstimate [(informal) An estimate that is hardly any better than a guess, often because it is based on insufficient or unreliable data.]
verb:  Alternative spelling of guesstimate [(intransitive) To make a guesstimate.]

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