1 : to judge or understand the significance of [incapable of appreciating the difference between right and wrong "B. N. Cardozo"]
2 : to raise the market value of compare depreciate
: to rise in market value
ap·pre·ci·a·tion [ə-prē-shē-ā-shən, -pri-, -sē-]
Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.