Meaning of the word "in appreciation of" in English

What does "in appreciation of" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

in appreciation of

US /ɪn əˌpriː.ʃiˈeɪ.ʃən əv/
UK /ɪn əˌpriː.siˈeɪ.ʃən əv/
"in appreciation of" picture

Phrase

used to express gratitude or to recognize the value of someone's actions or qualities

Example:
The company gave him a gold watch in appreciation of his twenty years of service.
Please accept this small gift in appreciation of all your help.