Definition
Appreciation refers to the recognition and enjoyment of the good qualities of someone or something. It can also mean a gradual increase in value, especially in terms of financial assets or currency.
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Pronunciation
Etymology
The word "appreciation" originates from the Late Latin "appretiationem," meaning "estimation" or "valuation." This term is derived from "appretiare" (to set a price or value), based on "pretium," meaning "price" or "value." The term entered English in the 16th century with meanings related to valuation and gratitude.
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Usage
The noun "appreciation" is often used to express gratitude or positive recognition. For example, "Her hard work earned the appreciation of her peers." It is also used in financial contexts to describe an increase in value, such as "The appreciation of property values in the city has been significant."
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