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goodwill payment

From Longman Business Dictionarygoodwill paymentgoodˈwill ˌpaymentACCOUNTING1[countable] a payment made to senior members of a business as a reward for hard workGoodwill payments can benefit from tax relief.2[countable] a payment made for the goodwill of a business when it is boughtA purchaser will only be able to recover its goodwill payment if the business is a going concern without too many problems.3[countable] a payment made by a supplier to a customer because of a problem the customer has had, for example with quality or late delivery of goods payment
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