appreciation

[uh-pree-shee-ey-shuhn]
noun
1.
gratitude; thankful recognition: They showed their appreciation by giving him a gold watch.
2.
the act of estimating the qualities of things and giving them their proper value.
3.
clear perception or recognition, especially of aesthetic quality: a course in art appreciation.
4.
an increase or rise in the value of property, goods, etc.
5.
critical notice; evaluation; opinion, as of a situation, person, etc.
6.
a critique or written evaluation, especially when favorable.

Origin:
1600–10; earlier appretiation < Late Latin appretiāt(us) (see appreciate) + -ion, or < French appréciation

appreciational, adjective
nonappreciation, noun
overappreciation, noun
self-appreciation, noun
superappreciation, noun
unappreciation, noun
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
appreciation (əˌpriːʃɪˈeɪʃən, -sɪ-)
 
n
1.  thanks or gratitude
2.  assessment of the true worth or value of persons or things
3.  perceptive recognition of qualities, as in art
4.  an increase in value, as of goods or property
5.  a written review of a book, etc, esp when favourable

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Etymonline
Word Origin & History

appreciation
c.1600, from Fr. appréciation, noun of action from apprécier (14c.), from L. appretiare "action of estimating quality" (see appreciate). Generally with a sense of "high estimation" from c.1650. Meaning "expression of (favorable) estimation" is from 1858;
sense of "rise in value" is from c.1790.
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
When you hit those moments, I'd like to suggest that you track down the author
  and send her or him a note of appreciation.
As every writer knows, it gets easier with practice, and that was part of my
  newfound appreciation for putting words on paper.
As a token of their appreciation, the villagers gave us traditional garments
  appropriate for a king and queen of the village.
They trade stocks heavily to get maximum share-price appreciation for the fund.
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