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Goodwill vs Acceptance - What's the difference?

goodwill | acceptance |

As nouns the difference between goodwill and acceptance

is that goodwill is a favorably disposed attitude toward someone or something while acceptance is the act of accepting; a receiving of something offered, with approbation, satisfaction, or acquiescence; especially, favorable reception; approval.

goodwill

English

Noun

  • A favorably disposed attitude toward someone or something.
  • (accounting) The value of a business entity not directly attributable to its tangible assets and liabilities. This value derives from factors such as consumer loyalty to the brand.
  • (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.

    • Antonyms

    * ill will

    See also

    * bona fides ----

    acceptance

    English

    Alternative forms

    * (obsolete) (l)

    Noun

    (en noun)
  • The act of accepting; a receiving of something offered, with approbation, satisfaction, or acquiescence; especially, favorable reception; approval
    • the acceptance of a gift, office, doctrine, etc.
  • * Isaiah 60:7 :
    • They shall come up with acceptance on mine altar.
  • Belief in something; agreement; assent.
  • State of being accepted.
  • * Shakespeare: Rape of Lucrece :
    • Makes it assured of acceptance .
  • (business, finance) An assent and engagement by the person on whom a bill of exchange is drawn, to pay it when due according to the terms of the acceptance.
  • (business, finance) The bill of exchange itself when accepted.
  • An agreeing to terms or proposals by which a bargain is concluded and the parties are bound; the reception or taking of a thing bought as that for which it was bought, or as that agreed to be delivered, or the taking possession as owner.
  • (legal) An agreeing to the action of another, by some act which binds the person in law.
  • (US, government) The act of an authorized representative of the Government by which the Government assents to ownership by it of existing and identified supplies, or approves specific services rendered, as partial or complete performance of a contract.
  • The usual or accepted meaning of a word or expression.
  • (Australia, New Zealand, pluralonly) A list of horses accepted as starters in a race.

    • Usage notes

    * In modern law, proposal and acceptance are the constituent elements into which all contracts are resolved.

    Derived terms

    * (sense) acceptance of a bill of exchange, acceptance of goods * acceptance of persons * banker's acceptance, trade acceptance

    Synonyms

    * (act of accepting) accepting, receiving, reception, approval * (State of being accepted) acceptableness * (sense) assent

    References

    * * Mozley and Whitely, Law Dictionary : *: What acts shall amount to such an acceptance is often a question of great nicety and difficulty.