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Sage Social Science Thesaurus

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social science subjects > health and social care > health care management > accounting and activity-based costing > goodwill
social science subjects > business and management > finance > goodwill
social science subjects > business and management > business ethics > marketing ethics > goodwill
social science subjects > business and management > business ethics > theories of ethics > goodwill

Preferred term

goodwill  

Definition

  • Goodwill is a residual consequence of excess consideration given for the fair market value of readily identifiable tangible assets and liabilities acquired or assumed in a purchase transaction between two or more unrelated companies. The excess purchase price represents the intangible value for such items as reputation, brand recognition, technical skills, and other intellectual capital an acquiring company believes is inherent in the acquired company. [Source: Encyclopedia of Health Care Management; Goodwill]

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URI

https://concepts.sagepub.com/social-science/concept/goodwill

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