goodwill

  1. Noun.  A favorably disposed attitude toward someone or something.
  2. Noun.  (accounting) The value of a business entity not directly attributable to its tangible assets and liabilities. This value derives from factors such as consumer loyalty to the brand.
  3. Noun.  (business) A concept used to refer to the ability of an individual or business to exert influence within a community, club, market or another type of group, without having to resort to the use of an asset (such as money or property), either directly or by the creation of a lien.

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This entry was last updated on RefTopia from its source on 3/20/2012.