appreciation

noun

1. (countable, uncountable)The act of appreciating.
2. (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.”

3. (countable, uncountable)Accurate perception; true estimation.

   “an appreciation of the difficulties before us”

   “an appreciation of colors”

   “The English, until relatively recently, seem to have imagined “English” and “British” to be interchangeable, as if Britain was just a bigger England. Our dualism gave us a better appreciation of the nation-state we lived in, though if Britain was a “nation” as well as a “state”, where did that leave Scotland?”

   “His foreboding showed his appreciation of Henry's character.”

4. (countable, uncountable)A rise in value.