Goodwill

Goodwill

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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See Also

  • Amortization

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Notes and References

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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Translation of Goodwill

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

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