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2.
short for appreciate,
*to value or admire highly
*to recognize with gratitude
"Bro, looking sharp like a Rasor,...
"preciate that hommie, tru compliment coming from you"

"preciate don't discriminate"
by C2theE July 10, 2008
 
1.
short fo' appreciate
Yo homie let me hold a dollar. Preciate it.
by D.A. November 18, 2003