n. an increase in price or value; "an appreciation of 30% in the value of real estate"

n. a favorable judgment; "a small token in admiration of your works"

n. 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"

n. understanding of the nature or meaning or quality or magnitude of something; "he has a good grasp of accounting practices"

n. an expression of gratitude; "he expressed his appreciation in a short note"

n. [gratitude, thankful recognition, high estimation]