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Goodwill Common

Goodwill has 5 different meanings across 2 categories:

Noun · Proper Noun

Definitions
Noun
1

(accounting) an intangible asset valued according to the advantage or reputation a business has acquired (over and above its tangible assets)

"The company's acquisition price included a significant goodwill premium reflecting its strong market reputation."

2

the friendly hope that something will succeed

"The team worked together in a spirit of goodwill, hoping their new project would launch successfully."

3

a disposition to kindness and compassion

"the victor's grace in treating the vanquished"

4

A favorably disposed attitude toward someone or something.

"The manager showed goodwill by generously extending the deadline to help a struggling client."

In plain English: Goodwill is the positive feeling of friendship and trust that people have toward each other.

"The company's reputation for excellent customer service generated significant goodwill among its clients."

Usage: Goodwill refers to a positive feeling of friendliness and trust between people, often used in business contexts to describe the intangible value of customer loyalty. It is distinct from financial assets because it represents reputation rather than tangible property that can be easily sold or measured.

Proper Noun
1

A surname​.

"The local business was purchased by Mr. Goodwill last year."

Example Sentences
"The company's reputation for excellent customer service generated significant goodwill among its clients." noun
"The company showed goodwill by offering discounts to loyal customers." noun
"Her friendly demeanor created an immediate sense of goodwill among the new employees." noun
"After years of conflict, the two neighbors rebuilt their relationship with mutual goodwill." noun
Related Terms
Broader Terms (hypernyms)
intangible friendliness good nature

Origin

The word goodwill comes from Middle English goodwille, meaning "a good will," and likely entered the language directly from Old English. Its core sense of friendly intent has remained unchanged since its earliest recorded use.

Rhyming Words
ill kill cill vill will fill till lill bill sill pill gill yill nill rill dill zill mill hill jill
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