Define: Appreciation

Appreciation
Appreciation
What is the dictionary definition of Appreciation?
Dictionary Definition of Appreciation

Appreciation is the recognition and enjoyment of the value, significance, or beauty of something or someone. It involves expressing gratitude, admiration, and respect for the qualities, actions, or contributions of others. Appreciation can also refer to an increase in the value or worth of something over time.

Full Definition Of Appreciation

Appreciation refers to the increase in value of an asset over time. In legal terms, appreciation can be a factor in various areas of law, such as property law, tax law, and estate planning. For example, in property law, appreciation may affect the value of real estate and the distribution of assets in a divorce settlement. In tax law, appreciation may impact the calculation of capital gains taxes. In estate planning, appreciation may influence the valuation of assets for inheritance and gift tax purposes. Overall, appreciation is an important concept in legal matters involving the valuation and transfer of assets.

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This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.

This glossary post was last updated: 29th March 2024.

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