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Goodwill

• The amount paid for a business in excess of the value of the assets acquired.

• Excess of the purchase price over the fair market value of the net assets acquired under purchase accounting.

 
 Embedded terms in definition
 Assets
Market value
Market
Net assets
Net
Purchase accounting
Purchase
 
 Referenced Terms
 Ach automated clearinghouse credits: Deposits of payroll directly into the payees' (employees') accounts. Sacrifices disbursement float but may generate Goodwill for the employer.

 Intangible asset: Assets that cannot be seen or touched, but are valuable to a company. Examples include the value of trademarks, patents, franchise rights, and Goodwill.A legal claim to some future benefit, typically a claim to future cash. Goodwill, intellectual property, patents, copyrights, and trademarks are examples of intangible assets.

 Intangible asset: Assets that cannot be seen or touched, but are valuable to a company. Examples include the value of trademarks, patents, franchise rights, and Goodwill.A legal claim to some future benefit, typically a claim to future cash. Goodwill, intellectual property, patents, copyrights, and trademarks are examples of intangible assets.

 Intangible assets: Refer to items such as Goodwill or intellectual properties. Among the latter are copyrights, patents, and trademarks.

 Intangibles: Assets such as Goodwill, patents, unamortized debt discounts, and deferred charges.

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What lies behind us and what lies before us are tiny matters compared to what lies within us. - Ralph Waldo Emerson (1803-1882)

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