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appreciation

noun [U] (VALUE)
 
 
/əˌpriː.ʃiˈeɪ.ʃən/

Definition

B2 the act of recognizing or understanding that something is valuable, important, or as described: Max has no appreciation of the finer things in life. The crowd cheered in appreciation. Children rarely show any appreciation of/for what their parents do for them. These flowers are a token of my appreciation of/for all your help.Understanding and comprehending
(Definition of appreciation noun (VALUE) from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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