Goodwill
(noun)
- A kindly feeling of approval and support.
- Favorable disposition or attitude towards someone or something.
- The value of a business's reputation and customer relationships.
Origin:
Mid 16th century: from good will, translating latin bonae voluntatis. goodwill is an intangible asset that represents the value of a business's reputation, including factors such as its brand name, good customer relations, and any patents or proprietary technology.
Examples:
- The company has a lot of goodwill in the community.
- He won the goodwill of his colleagues with his hard work.
- The goodwill of the company was a major factor in its success.
- The goodwill of the customers is essential to the company's growth.
- The goodwill of the company was reflected in its high stock price.