Define: Goodwill

UK Accounting Glossary

Definition: Goodwill


Quick Summary of Goodwill


Goodwill on acquisition is the difference between the fair value of the amount paid for an investment in a subsidiary and the fair value of the net assets acquired.



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Synonyms For Goodwill


benevolence, charity, philanthropy, kindness, generosity


Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/goodwill/
Modern Language Association (MLA):
Goodwill. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. February 28, 2020 https://payrollheaven.com/define/goodwill/.
Chicago Manual of Style (CMS):
Goodwill. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/goodwill/ (accessed: February 28, 2020).
American Psychological Association (APA):
Goodwill. PayrollHeaven.com. Retrieved February 28, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/goodwill/

Definition Sources


Definitions for Goodwill are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 23rd December 2018.