Good Will
nounverified·updated May 18, 2026
(accounting) an intangible asset valued according to the advantage or reputation a business has acquired (over and above its tangible assets)
Framework senses
- §1
- a disposition to kindness and compassion
- §2
- the friendly hope that something will succeed
- §3
- (accounting) an intangible asset valued according to the advantage or reputation a business has acquired (over and above its tangible assets)