Good-Will - Good-will represents the value attached to a business over and above the value of
the physical property. (U. S. Treasury.) Good-will is the monetary value placed upon the
connection and reputation of a mercantile or manufacturing concern, and discounts the value of a
turnover of a business in consequence of the probabilities of the old customers' continuing.
the physical property. (U. S. Treasury.) Good-will is the monetary value placed upon the
connection and reputation of a mercantile or manufacturing concern, and discounts the value of a
turnover of a business in consequence of the probabilities of the old customers' continuing.
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