Goodwill (Noun)
Meaning 1
The friendly hope that something will succeed.
Classification
Nouns denoting feelings and emotions.
Synonyms
Hypernyms
Meaning 2
(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 goodwill was a significant asset on its balance sheet, reflecting its strong brand reputation and customer loyalty.
- The acquisition of the rival firm included a large amount of goodwill that had to be amortized over several years.
- The accounting firm carefully valued the goodwill of the business to determine its purchase price.
- The tax authority allowed the company to write off the goodwill over a period of 20 years.
- In the merger, the two companies combined their goodwill to create a more formidable competitor in the market.
Synonyms
Hypernyms
Meaning 3
A disposition to kindness and compassion; "the victor's grace in treating the vanquished".
Classification
Nouns denoting attributes of people and objects.