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What does appreciation mean?

Looking for the meaning or definition of the word appreciation? Here's what it means.

Noun
  1. A fair valuation or estimate of merit, worth, weight, etc.; recognition of excellence.
  2. Accurate perception; true estimation
  3. A rise in value
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We would like to acknowledge our appreciation to Siobhan and her partner Liam for their kindness and hard work.
He struck his six-iron well enough and cocked his ear to pick up the hum of appreciation at the other end.
Common to much of her writing at this time is an appreciation of the culture and traditional life of the Aborigines.
In the acknowledgements, Das expresses appreciation for his mentor's perspective.
You know those magic moments in your music appreciation history that you constantly look back on?
The valuable support of Professor Philip Clarke, Dean, Faculty of Business and Law is also acknowledged with appreciation.

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