appreciation

noun

1. 1

   an increase in price or value

   an appreciation of 30% in the value of real estate

2. 2

   a favorable judgment

   a small token in admiration of your works

3. 3

   delicate discrimination (especially of aesthetic values)

   arrogance and lack of taste contributed to his rapid success

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

4. 4

   understanding of the nature or meaning or quality or magnitude of something

   he has a good grasp of accounting practices

5. 5

   an expression of gratitude

   he expressed his appreciation in a short note