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.


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
Modern Language Association (MLA):
Goodwill. Payroll & Accounting Heaven Ltd. February 28, 2020
Chicago Manual of Style (CMS):
Goodwill. Payroll & Accounting Heaven Ltd. (accessed: February 28, 2020).
American Psychological Association (APA):
Goodwill. Retrieved February 28, 2020, from website:

Definition Sources

Definitions for Goodwill are sourced/syndicated and enhanced from:

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

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