appreciation

understanding of the nature or meaning or quality or magnitude of something

• “he has a good grasp of accounting practices”

delicate discrimination (especially of aesthetic values)

• “arrogance and lack of taste contributed to his rapid success”
• “to ask at that particular time was the ultimate in bad taste”

an expression of gratitude

• “he expressed his appreciation in a short note”

a favorable judgment

• “a small token in admiration of your works”

an increase in price or value

• “an appreciation of 30% in the value of real estate”