Appreciation
Pronunciation : Ap*pre`ci*a"tion
Part of Speech : n.
Etymology : [Cf. F. appr?ciation.]
Definition : 1. A just valuation or estimate of merit, worth, weight, etc.; recognition of excellence.
2. Accurate perception; true estimation; as, an appreciation of the difficulties before us; an appreciation of colors. His foreboding showed his appreciation of Henry's character. J. R. Green.
3. A rise in value; -- opposed to depreciation.
Source : Webster's Unabridged Dictionary, 1913