appreciation

noun

1. The act of appreciating.

2. A fair valuation or estimate of merit, worth, weight, etc.; recognition of excellence; gratitude and esteem.

   “We give to you this trophy as a token of our appreciation of all your years of service.”

3. Accurate perception; true estimation.

   “an appreciation of the difficulties before us”

   “an appreciation of colors”

4. A rise in value.

5. Understanding of the nature or meaning or quality or magnitude of something

   “he has a good grasp of accounting practices”

   Similar: grasp, hold

6. Delicate discrimination (especially of esthetic values)

   “arrogance and lack of taste contributed to his rapid success”

   “to ask at that particular time was the ultimate in bad taste”

   Similar: taste, discernment, perceptiveness

7. A favorable judgment

   “a small token in admiration of your works”

   Similar: admiration

8. An increase in price or value

   “an appreciation of 30% in the value of real estate”