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- Dictionarygoodwill/ˌɡʊdˈwɪl/
noun
- 1. friendly, helpful, or cooperative feelings or attitude: "the scheme is dependent on goodwill between the two sides"
- 2. the established reputation of a business regarded as a quantifiable asset and calculated as part of its value when it is sold.
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Jan 28, 2024 · Goodwill is an intangible asset that accounts for the excess purchase price of another company. Items included in goodwill are proprietary or intellectual property and brand recognition,...
GOODWILL definition: 1. friendly and helpful feelings: 2. part of a company's value that includes things that cannot be…. Learn more.
The meaning of GOODWILL is a kindly feeling of approval and support : benevolent interest or concern. How to use goodwill in a sentence.
Goodwill arises when a company acquires another entire business. The amount of goodwill is the cost to purchase the business minus the fair market value of the tangible assets, the intangible assets that can be identified, and the liabilities obtained in the purchase.
Goodwill is a friendly or helpful attitude towards other people, countries, or organizations. I invited them to dinner, a gesture of goodwill. They depend on the goodwill of visitors to pick up rubbish. Synonyms: friendliness, favour, friendship, benevolence More Synonyms of goodwill. 2. uncountable noun.
What is Goodwill? In accounting, goodwill is an intangible asset. The concept of goodwill comes into play when a company looking to acquire another company is willing to pay a price premium over the fair market value of the company’s net assets.
noun. a feeling of benevolence, approval, and kindly interest. modifier resulting from, showing, or designed to show goodwill. the government sent a goodwill mission to Moscow. a goodwill ambassador for UNICEF. willingness or acquiescence.
Goodwill is an intangible asset that represents the value of a company’s reputation, customer loyalty, and overall brand image. It is the premium a buyer is willing to pay above the fair market value of a company’s net assets during an acquisition.
noun. /ˌɡʊdˈwɪl/ [uncountable] friendly or helpful feelings towards other people or countries. a spirit of goodwill in international relations. a goodwill gesture/a gesture of goodwill. The President is on a goodwill visit to Japan. Given goodwill on both sides, I am sure we can reach an agreement.
Definition of Goodwill. In accounting, goodwill is an intangible asset associated with a business combination. Goodwill is recorded when a company acquires (purchases) another company and the purchase price is greater than 1) the fair value of the identifiable tangible and intangible assets acquired, minus 2) the liabilities that were assumed.
