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Goodwill
GoodwillAn intangible business asset which includes a cultivated reputation and consequential attraction and confidence of repeat customers and connections. RELATED TERMS-------------------------------------- Reputation Evidence. The opinion generally entertained by persons who know another, as to his character, . or it is the opinion generally entertained by person; who know a family as to its pedigree, and the like. SIMILAR TERMS-------------------------------------- Good and lawful men Probi et legales homines. The law requires that those who serve on juries shall be good. and lawful men; by which is understood those qualified to serve on juries; that is, that they be of full age, citizens, not infamous nor non compos mentis, and they must be res ident in the county where the venue is laid. Good behaviour Conduct authorized by law. Surety of good behaviour may be demanded from any person who is justly suspected, upon sufficient grounds, of intending to commit a crime or misdemeanor. Surety. for good behaviour is somewhat similar to surety of the peace, but the recognizance is more easily forfeited, and it ought to be demanded with greater caution. Good cause A standard by which a recipient of welfare is excused from cooperating with the cse agency because by doing so the recipient and the children could be in danger. a good cause finding usually results from ample documentation of violence and abuse by the non-custodial parent. Good consideration Contracts. A good consideration is one which flows from kindred or natural love and affection alone, and is not of a pecuniary.nature. Good faith Absence of intent to commit fraud. Good time In the US penitentiary jargon, days subtracted from certain prisoners' sentences for good behavior. Good will By this term is meant the benefit which arises from the establishment of particular trades or occupations. Mr. Justice Story describes a good will to be the advantage of benefit which is acquired by an establishment, beyond the mere value of the capital, stocks, funds, or property employed therein, in consequence of the general public patronage and encouragement, which it receives from constant or habitual customers, on account of its local position, or common celebrity, or reputation for skill or affluence, or punctuality, or from other accidental circumstances or necessities, or even from ancient partialities, or prejudices. PREVIOUS AND NEXT TERMS-------------------------------------- Good behaviour Conduct authorized by law. Surety of good behaviour may be demanded from any person who is justly suspected, upon sufficient grounds, of intending to commit a crime or misdemeanor. Surety. for good behaviour is somewhat similar to surety of the peace, but the recognizance is more easily forfeited, and it ought to be demanded with greater caution. Good cause A standard by which a recipient of welfare is excused from cooperating with the cse agency because by doing so the recipient and the children could be in danger. a good cause finding usually results from ample documentation of violence and abuse by the non-custodial parent. Good consideration Contracts. A good consideration is one which flows from kindred or natural love and affection alone, and is not of a pecuniary.nature. Good faith Absence of intent to commit fraud. Good will By this term is meant the benefit which arises from the establishment of particular trades or occupations. Mr. Justice Story describes a good will to be the advantage of benefit which is acquired by an establishment, beyond the mere value of the capital, stocks, funds, or property employed therein, in consequence of the general public patronage and encouragement, which it receives from constant or habitual customers, on account of its local position, or common celebrity, or reputation for skill or affluence, or punctuality, or from other accidental circumstances or necessities, or even from ancient partialities, or prejudices. Goodwill Gout Medical jurisp. Contracts. An inflammation of the fibrous and ligamentous parts of the joints. Government "natural and political law. The manner in which sovereignty is exercised in each state. There are three simple forms of government, the democratic, the aristocratic, and monarchical. But these three simple forms may be varied to infinity by the mixture and divisions of their different powers. Sometimes by the word government is understood the body of men, or the individual in the state, to whom is entrusted the executive power. It is taken in this sense when the government is spoken of in opposition to other bodies in the state. Government de facto A government that unlawfully gets possession and control of the rightful legal government, and maintains itself there, by force and arms, against the will of the rightful government, and claims to exercise the powers thereof. A government de facto is such as exists after it has expelled the regularly constituted authorities in their places, so as to represent in fact the sovereignty of the nation. Government de jure The rightful, legal government. Government printing office The federal agency in charge of printing, binding, and selling of all government communications. We thank you for using the Juridical Dictionary to search for Goodwill. If you have a better definition for Goodwill than the one presented here, please let us know by making use of the suggest a term option. This definition of Goodwill may be disputed by other professionals. Our attempt is to provide easy definitions on Goodwill and any other medical topic for the public at large.
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