MLchartDataset catalogue

Goodwill

Term · Law · MLC-T-LAW-002330

The intangible asset of a business representing its reputation, customer loyalty, brand recognition, and other non-physical factors that contribute to its value beyond its tangible assets. It is often recognized in accounting when one company acquires another for a price exceeding the fair value of its identifiable net assets. Goodwill is subject to impairment testing under accounting standards like GAAP and IFRS.

Table 1. Record
IdentifierMLC-T-LAW-002330
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-002330",
  "term": "Goodwill",
  "field": "Law",
  "definition": "The intangible asset of a business representing its reputation, customer loyalty, brand recognition, and other non-physical factors that contribute to its value beyond its tangible assets. It is often recognized in accounting when one company acquires another for a price exceeding the fair value of its identifiable net assets. Goodwill is subject to impairment testing under accounting standards like GAAP and IFRS.",
  "url": "https://mlchart.com/terminology/law/goodwill/"
}

Record 2,239 of 5,441 in Law terminology (MLC-0107). Request the full dataset.