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Financial Terms | |
Goodwill |
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Definition of GoodwillGoodwillExcess of the purchase price over the fair market value of the net assets acquired under purchase GoodwillThe excess of the price paid to buy another company over the book value of GoodwillIntangible assets of a firm established by the excess of the price paid for the going concern over the value of its assets.
Related Terms:Negative goodwillA term used to describe a situation in which a business combination AmortizationThe write-off of an asset over the period when the asset is used. This term Intangible assetA legal claim to some future benefit, typically a claim to future cash. goodwill, intellectual Intangible assetA nonphysical asset with a life greater than one year. Examples are Intangible fixed assetsNon-physical assets, e.g. customer goodwill or intellectual property (patents and trademarks). ![]() Purchase accountingMethod of accounting for a merger in which the acquirer is treated as having purchased Purchase methodAn accounting method used to combine the financial statements of Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |