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goodwill meaning and definition

Definition and meaning of goodwill at MeaningMonkey.org. goodwill meaning and definition in the English Dictionary.

GOODWILL noun

Definition of goodwill (noun)

  1. (accounting) an intangible asset valued according to the advantage or reputation a business has acquired (over and above its tangible assets)
  2. the friendly hope that something will succeed
  3. a disposition to kindness and compassion
    • "the victor's grace in treating the vanquished"
    • synonyms: good will, grace
Source: Princeton University Wordnet
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