appreciation

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From French appréciation. By surface analysis, appreciate + -ion.

countable, uncountable The act of appreciating.
countable, uncountable 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.
countable, uncountable Accurate perception; true estimation. an appreciation of the difficulties before us
countable, uncountable A rise in value.