appreciation

appreciation is on the Academic Word List.

Noun

(countable & uncountable); (singular) An appreciation of something is the ability to see it's value and understand it.
He now has a far greater appreciation of dogs and the people who handle them professionally.

The problems may have been due to a lack of appreciation of the different cultures.

Art appreciation can be learned, but it is very difficult to teach.
(uncountable) Appreciation is the feeling of being thankful.
I just wanted to send you this card to show my appreciation for your kindness last week.

"You look lovely," he said, and she laughed with appreciation.
(countable & uncountable); (singular) Appreciation is the rise in value of something.
The appreciation of the Japanese yen against the US dollar has helped the American automobile industry.