goodwill payment Meaning in the Cambridge English Dictionary
Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

Meaning of “goodwill payment” in the English Dictionary

"goodwill payment" in Business English

See all translations

goodwill paymentnoun [C]

uk   us  
COMMERCE a ​payment made by a ​company to a ​customer who has ​experienced a problem with its ​products in ​order to ​try to ​keep the ​customer: Although the ​insurancefirmrefused to ​pay her ​claim, they did ​offer her a ​goodwillpayment of £5,000.
ACCOUNTING a ​payment made by someone ​buying a ​business for things that cannot be directly ​measured, for ​example, ​customers' ​loyalty
See also
(Definition of goodwill payment from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of goodwill payment?
Add Cambridge dictionaries to your browser to your website
Word of the Day


made of gold

Word of the Day

Introducing a new author and a new weekly blog post!
Introducing a new author and a new weekly blog post!
by Cambridge Dictionaries Online,
August 27, 2015
The English language is constantly changing. You know that. But did you know that at Cambridge Dictionaries Online we keep track of the changes? We continually add new words and new meanings to our online dictionary for learners of English. Some of them are new to English entirely (neologisms), and some

Read More 

parklet noun
parklet noun
August 31, 2015
a public outdoor space that may be associated with a local business but where anyone can sit Pop-up cafes in NY are what’s actually called parklets in many other places around the country.

Read More