What Does Goodwill Mean?

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What does Goodwill mean? Read on to discover the definition & meaning of the term Goodwill - to help you better understand the language used in insurance policies.

Goodwill

Goodwill

the difference between the cost of acquiring the entity and the reporting entity's share of the book value of the acquired entity.

We hope the you have a better understanding of the meaning of Goodwill.

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