good will

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good will

A company's good will is reflected in its loyal customers and positive reputation.

Definition
  1. Noun:
    • Friendly and supportive feeling; benevolent attitude: A feeling of kindness, friendliness, and a desire for the success or well-being of others.
    • (Accounting) An intangible business asset: The value of a company's brand name, solid customer base, good customer relations, good employee relations, and proprietary technology. This value exceeds the company's tangible assets.
    • Kind and compassionate disposition: The inherent quality of being well-meaning and charitable.
    • Mercy or generosity shown by a victor: The gracious or lenient treatment offered by a winner to the defeated.
Usage Examples
  • Noun (Friendly feeling):

    • The community project was built on a foundation of mutual good will.
    • She donated the money out of pure good will, expecting nothing in return.
  • Noun (Accounting asset):

    • When the company was sold, a significant portion of the purchase price was allocated to good will.
    • The firm's excellent reputation contributes greatly to its intangible good will.
  • Noun (Disposition):

    • His actions were motivated by inherent good will towards all people.
  • Noun (Victor's grace):

    • The general showed good will by releasing the prisoners of war.
Advanced Usage
  • "To bear good will": To have friendly or benevolent intentions.

    • Despite their past disagreements, he bore them no ill will, only good will.
  • "As a gesture of good will": An action performed to demonstrate friendly intentions.

    • The company offered a refund as a gesture of good will to the dissatisfied customer.
Variants and Related Words
  • Goodwill (noun): The single-word spelling is a common variant, especially in business and accounting contexts (e.g., ).
  • Well-wishing (noun): The act of expressing benevolent hopes for someone's success or happiness.
  • Benevolence (noun): The quality of being well-meaning; kindness.
Synonyms
  • Friendliness: The quality of being kind and pleasant.
  • Benevolence: The disposition to do good.
  • Kindness: The quality of being friendly, generous, and considerate.
  • Intangible asset (for the accounting sense): A non-physical asset.
Related Phrases
  • Goodwill ambassador: A person who acts as an unofficial representative to promote positive relations.

    • The celebrity served as a goodwill ambassador for the charity.
  • Goodwill tour/visit: A journey or visit intended to create or strengthen friendly relations.

    • The diplomat embarked on a goodwill tour of the region.
Related Idioms
  • With the best of good will: With the very best and most sincere intentions.
    • With the best of good will, I must advise you against this plan.
good will

A company's good will is reflected in its loyal customers and positive reputation.

Noun
  1. the friendly hope that something will succeed
  2. (accounting) an intangible asset valued according to the advantage or reputation a business has acquired (over and above its tangible assets)
  3. a disposition to kindness and compassion
    • the victor's grace in treating the vanquished

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