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 Appreciation \Ap*pre`ci*a"tion\, n. [Cf. F. appr['e]ciation.]
   1. A just valuation or estimate of merit, worth, weight,
      etc.; recognition of excellence.
      [1913 Webster]

   2. Accurate perception; true estimation; as, an appreciation
      of the difficulties before us; an appreciation of colors.
      [1913 Webster]

            His foreboding showed his appreciation of Henry's
            character.                            --J. R. Green.
      [1913 Webster]

   3. A rise in value; -- opposed to {depreciation}.
      [1913 Webster]
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