ENGLISH
REFERENCE

goodwill

n. uncountable
C1 Advanced US //ˈɡʊdˈwɪɫ// UK //ɡˈʊdwɪl// good·will

n. the friendly feeling of wanting to help others. In business, it also means the extra value a company has because of its good reputation and loyal customers.

n. a sentiment of kindness or a desire to help others; in a commercial context, the intangible asset representing a business's reputation, brand equity, and customer loyalty.


SIMPLE

The charity relies on the goodwill of local people.

CONTEXTUAL

The company's high purchase price was largely due to the goodwill it had built with customers over fifty years.

COMPLEX

When the firm was acquired, the accountants calculated the goodwill as the difference between the total purchase price and the fair market value of the identifiable net assets.

Synonyms
Origin

From Middle English goodwille, good wille (“goodwill”), perhaps from Old English gōdwille (“goodwill”); compare Old English gōdwillende (“well-pleased”); also Scots guidwilly, guidwillie (“displaying goodwill”), equivalent to good + will. Cognate with Scots guidwill (“goodwill”), Middle Low German gūtwille (“goodwill”), Old High German guotwilligi (“goodwill”), Old Danish godvilje (“goodwill”), Icelandic góðvilji, góðvili (“goodwill”), Icelandic góðvild (“goodness”). The sense "thrift shop" is a genericized trademark of a US chain of such shops.

Usage

Uncountable in both its general sense of kindness and its specific accounting sense.

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