Goodwill
Goodwill
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Introduction to Goodwill
Goodwill, in law and accounting, an intangible asset constituting a value over and above the valuation of the tangible assets of the business, and representing all benefits derived from the distinctive location, trade name, credit rating, reputation, and patronage of the business. On the sale of a business, a charge usually is made for the goodwill as one of the assets. Sometimes goodwill may be sold by itself without the transfer of any other assets; for example, a business that is moving to another locality may sell the right to use its name and to occupy its former premises." (1)
Goodwill
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Amortization
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Professional Content and Learning Tools
Lawi offers educational solutions and professional insight, integrating content, tools, and practical technology to promote lifelong learning, personal and professional improvement, and human progress through knowledge. Our collections feature resources and solutions from a wide range of subject areas, from management and finance to law and cybersecurity. This text is only a brief introduction. If you would like us to expand on this content, please let us know in the comments. If you’re finding our platform and publications valuable, share it with a colleague or friend, leave a comment and consider subscribing if you haven’t already (thanks!). There are group discounts, gift options, and referral bonuses available.
Notes and References
Information about Goodwill in the Encarta Online Encyclopedia
Guide to Goodwill
Hierarchical Display of Goodwill
Trade > Distributive trades > Distributive trades
Trade > Trade policy > Commercial law
Business And Competition > Management > Management > Intellectual capital
Business And Competition > Business organisation > Business policy > Business location
Business And Competition > Accounting > Accounting > Financial accounting > Intangible asset
Goodwill
Concept of Goodwill
See the dictionary definition of Goodwill.
Characteristics of Goodwill
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Professional Content and Learning Tools
Lawi offers educational solutions and professional insight, integrating content, tools, and practical technology to promote lifelong learning, personal and professional improvement, and human progress through knowledge. Our collections feature resources and solutions from a wide range of subject areas, from management and finance to law and cybersecurity. This text is only a brief introduction. If you would like us to expand on this content, please let us know in the comments. If you’re finding our platform and publications valuable, share it with a colleague or friend, leave a comment and consider subscribing if you haven’t already (thanks!). There are group discounts, gift options, and referral bonuses available.
Translation of Goodwill
Spanish: Fondo de comercio
French: Fonds de commerce
German: Geschäfts- oder Firmenwert
Italian: Azienda commerciale
Portuguese: Fundo de comércio
Polish: Wartość firmy
Thesaurus of Goodwill
Trade > Distributive trades > Distributive trades > Goodwill
Trade > Trade policy > Commercial law > Goodwill
Business And Competition > Management > Management > Intellectual capital > Goodwill
Business And Competition > Business organisation > Business policy > Business location > Goodwill
Business And Competition > Accounting > Accounting > Financial accounting > Intangible asset > Goodwill
See Also
Including similar content viewed by others, in case you missed it: