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.




What is the dictionary definition of Goodwill?

Dictionary Definition



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Full Definition of Goodwill



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Goodwill FAQ's



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. November 22, 2019 https://payrollheaven.com/define/goodwill/.
Chicago Manual of Style (CMS):
Goodwill. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/goodwill/ (accessed: November 22, 2019).
American Psychological Association (APA):
Goodwill. PayrollHeaven.com. Retrieved November 22, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/goodwill/

Definition Sources


Definitions for Goodwill are sourced/syndicated 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.