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goodwill

goodwill

39 6.0
Value a business has because of its reputation and customer relationships that is not physical
  • noun
  • /ˈɡʊdˌwɪl/
  • Specialized
translation icon : fondo de comercio
  • The company's goodwill has attracted many loyal customers over the years.
  • customer goodwill

Examples

  • Such an option, however, would fail to take advantage of the goodwill that had developed among the different communities.

    Academic text (2010)
  • Archaeology cannot be practiced without the goodwill of the local iwi.

    Academic text (2003)
  • Every country has a certain amount of goodwill on deposit with others.

    Academic text (2003)
  • We try to build up goodwill, and this sort of thing tears it down.

    Academic text (1994)
  • Unfortunately, by last fall, the United States' goodwill account had been exhausted.

    Academic text (2003)
  • And often, in fact with say, retailing, the value of the firm is substantially the goodwill toward the owner that customers have.

  • Today, open-source projects use the goodwill of the community to collectively design something.

    Academic text (2012)
  • Brubeck is a jazz composer and performer who has become a goodwill ambassador for music around the world.

    Academic text (2000)
  • Beijing's early bungling of the crisis quickly undermined goodwill toward China in the Asia-Pacific region.

    Academic text (2003)
  • Investors often consider a business's goodwill as part of its overall value.

Synonyms

intangible asset
vsgoodwill
  • Specialized
1 6.8

A valuable thing you cannot touch, like a brand name or patent

focuses on reputation and customer relationships rather than patents or trademarks

Surface Forms

goodwill singular
goodwills plural

Morphology

goodwill = good + will (semi-transparent) = good + will

Built from 'good' + 'will' but used as a technical accounting term for business reputation, a specialized extension not directly inferable by average learners.

Etymology

The word goodwill comes from the parts good ('kind' or 'benefit') and will ('wish' or 'intention'), originally meaning a company's positive intentions and reputation. So in business, goodwill is the value put on a firm's reputation and customer relationships, an intangible asset on the balance sheet.