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Goodwill vs Consideration - What's the difference?

goodwill | consideration |

As nouns the difference between goodwill and consideration

is that goodwill is a favorably disposed attitude toward someone or something while consideration is consideration (the process of considering).

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 ----

    consideration

    English

    Noun

    (en noun)
  • The thought process of considering, of taking everything into account.
  • ''After much consideration, I have decided to stay.
  • Something considered as a reason or ground for a (possible) decision.
  • The tendency to consider others.
  • ''You showed remarkable consideration in giving up your place for your friend.
    ''Will you noisy children show some consideration and stop your infernal screaming? I'm trying to study!
  • A payment or other recompense for something done.
  • ''Sure I'll move my car, but only for a consideration .
  • (legal) A matter of inducement for something promised; something valuable given as recompense for a promise, which causes the promise to become binding as a contract.
  • *
  • *
  • Importance, claim to notice, regard.
  • * 1919 ,
  • [...] settled down on a small property he had near Quimper to live for the rest of his days in peace; but the failure of an attorney left him suddenly penniless, and neither he nor his wife was willing to live in penury where they had enjoyed consideration .