goodwill: meaning and definitions

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What is goodwill?

What is goodwill?

  • An attitude of kindness or friendliness; benevolence.
  • Cheerful acquiescence or willingness.
  • A good relationship, as of a business with its customers or a nation with other nations.
  • The positive reputation of a business viewed as an asset, equal to the excess cost required to acquire the business over the fair market value of all other assets.

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