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appreciation definition - legal

n

  1. The incremental increase in an assetÂ’s value, usually because of inflation. Compare depreciation.
  2. The awareness or understanding of the meaning, significance, value, or worth of something.
unrealized appreciation
The appreciation in the value of property that has not yet been subject to tax. See also realization.

Webster's New World Law Dictionary Copyright © 2006 by Wiley Publishing, Inc., Hoboken, New Jersey.
Used by arrangement with John Wiley & Sons, Inc.

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