Good Will (Noun)
Meaning 1
A disposition to kindness and compassion; "the victor's grace in treating the vanquished".
Classification
Nouns denoting attributes of people and objects.
Examples
- The charity's mission was to spread good will throughout the community by providing aid to those in need.
- Her good will towards her former colleague was evident in the way she spoke about him after he left the company.
- The company's good will towards its employees was demonstrated by its generous benefits package and flexible work policies.
- The politician's good will towards the environment was questioned by many after she voted against the climate change bill.
- The city's good will towards its visitors was evident in the warm welcome they received from the locals.
Synonyms
Hypernyms
Meaning 2
The friendly hope that something will succeed.
Classification
Nouns denoting feelings and emotions.
Examples
- The new employee started with good will towards her coworkers and supervisor.
- Sending flowers to the family is a sign of good will during a difficult time.
- The company's good will towards its community is evident in its charitable donations.
- Wishing someone good luck on a new venture is an expression of good will.
- The donation was given in good will, with no expectation of repayment or reward.
Synonyms
Meaning 3
(accounting) an intangible asset valued according to the advantage or reputation a business has acquired (over and above its tangible assets).
Classification
Nouns denoting possession and transfer of possession.
Examples
- The company's good will was valued at over a million dollars due to its strong brand recognition and customer loyalty.
- The acquisition price included a significant amount for the target company's good will, reflecting its excellent reputation in the industry.
- The auditor had to carefully assess the value of the company's good will and other intangible assets to determine its overall worth.
- The merger between the two companies resulted in a significant increase in good will, as the combined entity was expected to have greater market influence.
- The company's annual report disclosed a substantial impairment of good will, following a decline in its market share and reputation.