appreciation

Etymology

From French appréciation. Morphologically appreciate + -ion

noun

1. The act of appreciating.
2. A fair valuation or estimate of merit, worth, weight, etc.; recognition of excellence; gratitude and esteem.
   We give to you this trophy as a token of our appreciation of all your years of service.
3. Accurate perception; true estimation.
   an appreciation of the difficulties before us
   an appreciation of colors
   The English, until relatively recently, seem to have imagined “English” and “British” to be interchangeable, as if Britain was just a bigger England. Our dualism gave us a better appreciation of the nation-state we lived in, though if Britain was a “nation” as well as a “state”, where did that leave Scotland? 16 September 2014, Ian Jack, “Is this the end of Britishness”, in The Guardian
   His foreboding showed his appreciation of Henry's character. 1874, John Richard Green, History of the English People, Volume I
4. A rise in value.