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goodwillOne entry found. Main Entry: good·will Pronunciation: \ˌgu̇d-ˈwil\ Function: noun Date: before 12th century 1 a : a kindly feeling of approval and support : benevolent interest or concern b (1) : the favor or advantage that a business has acquired especially through its brands and its good reputation (2) : the value of projected earnings increases of a business especially as part of its purchase price (3) : the excess of the purchase price of a company over its book value which represents the value of goodwill as an intangible asset for accounting purposes — good·willed \-ˈwild\ adjective
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