(business) A concept used to refer to the ability of an individual or business to exert influence within a community, club, market or another type of group, without having to resort to the use of an asset (such as money or property), either directly or by the creation of a lien.
“Most of the goodwills are accounted for in the currency of acquired companies.”
“At the end of each accounting period, the book value of the goodwills is compared to their fair market value, in order to determine whether a goodwill write-down is required.”
“Formed in 1990, the Goodwill Association of Michigan is comprised of 11 of 173 autonomous Goodwills in North America.”
