The increase in value of an asset over
time.

Merriam-Webster Online Dictionary
appreciation (noun)
1.
a) - judgment evaluation , especially a favorable critical estimate
b) sensitive awareness , especially recognition of aesthetic values
c) an expression of admiration, , or gratitude - approval
2.
increase in value
Merriam-Webster Online Thesaurus
appreciation (noun)
1.
a feeling of great approval and liking
SYNONYMS:
account, appreciation, esteem, estimation, favor, regard, respect
RELATED WORDS:
appetite, fancy, fondness, like, love, partiality, preference, relish, shine, taste, use; acclamation, adoration, adulation, approbation, deference, hero worship, homage, honor, idolatry, infatuation, lionization, praise, props [], reverence, veneration, worship; delight, enjoyment; amazement, awe, wonder, wonderment; enthusiasm, interest, passion; bias, prejudice; affection, attachment, devotion, passion
NEAR ANTONYMS:
condemnation, disapproval, disdain, opprobrium, scorn; disappointment, discontent, disenchantment, disgruntlement, disillusionment, displeasure, indignation, unhappiness; aversion, contempt, disfavor, disgust, disinclination, dislike, disliking, disregard, distaste; hate, hatred, loathing, nausea, repugnance, repulsion, revulsion; abomination, antipathy, detestation; deprecation, displeasure, dissatisfaction
disfavor
appreciation (noun)
2.
acknowledgment of having received something good from another
SYNONYMS:
appreciation, appreciativeness, gratefulness, gratitude, thankfulness
RELATED WORDS:
thanksgiving; gratification, indebtedness, satisfaction; acknowledgment ( acknowledgement), recognition, tribute
ingratitude, thanklessness, unappreciation, ungratefulness
appreciation (noun)
3.
the knowledge gained from the process of coming to know or understand something
SYNONYMS:
appreciation, apprehension, grasp, grip, hold, perception, percipience, understanding
RELATED WORDS:
absorption, assimilation, digestion, uptake; conception, visualization; awareness, consciousness, enlightenment, realization
NEAR ANTONYMS:
misapprehension, miscomprehension, misinterpretation, misperception, misunderstanding
incomprehension, noncomprehension
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