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Appreciation
/əˌpriːʃiˈeɪʃən/
Understanding and acknowledging the value or quality of something or someone.
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Examples:
I nod in appreciation before parting ways with Spike.
Then he smacked his lips and nodded in appreciation.
Principle 2: Give honest and sincere appreciation.
Etymology:
The term appreciation originated in the early 17th century, based on the Latin word appretiatio from appretiare, which means to set a price to or value highly.