goodwill
About Our Definitions: All forms of a word (noun, verb, etc.) are now displayed on one page.


good·will

noun \ˌgd-ˈwil\

Definition of GOODWILL

1
a : a kindly feeling of approval and support : benevolent interest or concern
b (1) : the favor or advantage that a business has acquired especially through its brands and its good reputation
(2) : the value of projected earnings increases of a business especially as part of its purchase price (3) : the excess of the purchase price of a company over its book value which represents the value of goodwill as an intangible asset for accounting purposes
2
a : cheerful consent
b : willing effort
good·willed \-ˈwild\ adjective

Examples of GOODWILL

  1. She has goodwill toward all her coworkers.
  2. They allowed him to keep the extra money as a gesture of goodwill.

First Known Use of GOODWILL

before 12th century

Browse

Next Word in the Dictionary: goodwillit
Previous Word in the Dictionary: goodwife
All Words Near: goodwill

Seen & Heard

What made you want to look up goodwill? Please tell us where you read or heard it (including the quote, if possible).

Name That Thing

Take Our 10-Question Quiz

Get Our Free Apps
Voice Search, Favorites,
Word of the Day, and More
Join Us on FB & Twitter
Get the Word of the Day and More