appreciation (apres hi ash on)

[F. appré ciation; from the verb: see appreciate.] 1. The act of setting a price or money value on real, personal, or mercantile effects.-2. The act of estimating the qualities of things and giving them their due value; clear per perception or recognition of the quality or worth of any thing; sympathetic understanding. What sort of theory is that which is not based upon a competent appreciation of well-observed facts and their Maudsley, Body and Will, p. 205. relations? Those who aim to be Christian teachers should be fully armed to contend for the truth, and should have a clear and intelligent appreciation of the weapons and tactics which may be employed against it. Dawson , Nat. and the Bible, p. 15. 3. A rising in value; increase of value. The appreciation of the metal which is our single standard, and the consequent decline in prices, is one of the causes of [the]... depre ion of trade. Fortnightly Rev. , XL. 481. 4. In Scots law, the appraisement or valuing of poinded or distrained goods.