What does goodwill mean?

Looking for the meaning or definition of the word goodwill? Here's what it means.

Noun A favorably disposed attitude toward someone or something. (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. (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. Find more words! 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That is the last thing a place with an economy largely dependent on the goodwill of visitors needs. This will provide an opportunity for our players not only to be ambassadors of sport but also to promote goodwill and trade. A candidate for goodwill ambassadorship, her beauty is more than skin deep. In his annual report, he said they must work to preserve the mutual goodwill that came out of the quincentenary celebrations. One could argue that a great deal of goodwill and generosity has been generated worldwide by the tsunami. See Also What is another word for goodwill? What is the opposite of goodwill? Sentences with the word goodwill Words that rhyme with goodwill What is the plural of goodwill? What is the adjective for goodwill? What is the noun for goodwill? Translations for goodwill Nearby Definitions Goodwife goodwife good voice to beg bacon good value goodun good turns good will Goodwill goodwiller goodwillers goodwillie goodwillies 8-letter Words Starting With g go goo good goodw goodwi goodwil