appreciation

A full understanding of a situation, problem, or quality.

"He had a clear appreciation of the risks involved."

Recognition and enjoyment of the good qualities of something or someone.

"Her appreciation for classical music grew over time."

A feeling of gratitude or thankfulness for something received.

"Please accept this gift as a token of my appreciation."

An increase in the value or price of an asset.

"The property showed significant appreciation in value."