noun, verbal noun
For a period of time you have to wait. During this waiting period, you are expecting or anticipating something to happen. Waiting, expecting, waiting, expecting...
This is a jukugo word that uses the on'yomi readings of the kanji. You should be able to read this on your own.
I expected more from the grad student.
The new snack that I bought and had sent all the way from Japan the other day was not as good as I anticipated.
Wall Street always needs top-level talent and I’m pretty sure that Koichi will be able to live up to those expectations.