Ap*pre`ci*a"tion (#), n. [Cf. F. appr'eciation.]
A just valuation or estimate of merit, worth, weight, etc.; recognition of excellence.
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.
A rise in value; -- opposed to depreciation.
© Webster 1913.