Main Entry: ap·pre·ci·a·tion

Pronunciation: \ə-ˌprē-shē-ˈā-shən, -ˌpri- also -ˌprē-sē-\

Function: noun

Date: 1604

1 a : judgment, evaluation; especially : a favorable critical estimate b : sensitive awareness; especially : recognition of aesthetic values c : an expression of admiration, approval, or gratitude
2 : increase in value