Ap‐pre′ci‐a″tion (�), n. [Cf. F. appréciation.] 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.