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Definition
appreciation   Show phonetics
noun [U]
1 VALUE when you understand how good something or someone is and are able to enjoy them
His appreciation of art increased as he grew older.

2 FEEL GRATEFUL when you feel grateful for something
To show our appreciation, we've bought you a little gift.

3 UNDERSTANDING when you understand something about a situation, especially that it is complicated or difficult
He has no appreciation of the size of the problem.

4 INCREASE FORMAL an increase in value

The first and last word in dictionaries