appreciation-n; 5 Senses

Sense Number 1: a mental grasp or understanding of something

Commentary: APPRECIATION[+state][+mental][+understanding][+of_domain]
NOTE: implies knowledge or awareness of something

Their company has a good appreciation of the needs of their clients.
This job requires a good appreciation of basic accounting principles.
They showed little appreciation for the how difficult it will be to overcome these obstacles.

WordNet 3.0 Sense Numbers: 1

Sense Number 2: an aesthetic sensibility, discriminating taste

Commentary: APPRECIATION[+quality][+ability][+discrimination][+aesthetic]
NOTE: implies taste related to aesthetic judgment (related to Sense 1, but with a narrower reading)

Mary is teaching a music appreciation class at the community college.
A man with such appreciation of fine wine will not enjoy this jug wine from the grocery store.

WordNet 3.0 Sense Numbers: 2

Sense Number 3: a feeling of gratitude

Commentary: APPRECIATION[+state][+emotional][+gratitude]
NOTE: implies the agent feels pleased and indebted to another

We should all show our appreciation to Sally for all the help she gave us during this project.
He expressed his appreciation to the restaurant management in a short note.
She smiled in appreciation as the man offered her his seat on the bus.

WordNet 3.0 Sense Numbers: 3, 4

Sense Number 4: an increase in monetary value

Commentary: APPRECIATION[+quantity][+increase][+value][+monetary]

The appreciation of home real estate in this area has been 70 percent in the past two years.
Traders are expecting a continued appreciation of the euro against the US dollar.

WordNet 3.0 Sense Numbers: 5

Sense Number 5: none of the above

Commentary: Automatically generated NOTA sense (bbn)