(understanding of the nature or meaning or quality or magnitude of something; "he has a good grasp of accounting practices")
(delicate discrimination (especially of aesthetic values); "arrogance and lack of taste contributed to his rapid success"; "to ask at that particular time was the ultimate in bad taste")
(an expression of gratitude; "he expressed his appreciation in a short note")
(a favorable judgment; "a small token in admiration of your works")
(an increase in price or value; "an appreciation of 30% in the value of real estate")