Goodwill : 친절, 호의, 선의, 자비, (사업체의) 영업권 (어떤 회사의 수익력에 유리한 요소로 작용하는 명성·사업 관계·개성·장소·우수한 경영·좋은 노사관계·능률 등의 무형자산), (미국)자선단체
In Good Faith : 옳다고 믿고, 신념을 가지고, 성심을 다해서, 정직하게
In Bad Faith : 정식하지 못하게, 잘못인 줄 알면서
1)
goodwill, good faith, both are nouns and they could be adjectives as well
to make them into adverbs, to do something in good faith, to do something with goodwill
these two are slightly different
2)
goodwill, talks about friendly and helpful feelings
peace on earth and goodwill to all men
friendly helpful feelings
he did a lot of work for charity which created a lot of goodwill among the community
goodwill is a good feeling
a good feeling towards people
a kindly feeling
benevolent interest
politicians need to get the goodwill of people in order to get them to vote for them
friendly helpful feelings
goodwill of my students makes me feel really good
an attitude of kindness, friendliness, benevolence
willingness to help
there was a cultural exchange between the two countries to try and raise goodwill between the two countries
2)
we also use this phrase goodwill in business
in accounting, when you buy a business or a company, you maybe buy a building and yo buy the equipment in it, but you are probably going to pay more than just the value of the things
the difference between the actual value you pay for a business and the value of the assets the physical things that the business owns is called goodwill
the goodwill is because the business has customers it has good relationships with its employees and it has its own technology
this is the proportion of the price that you pay for the business that is higher than the value of all the assets
you are buying more than just the building and the equipment, that is the business idea of goodwill
it's the price, the extra price that you pay for all of the intangibles
3)
in the US, they use this word goodwill also for charity
a goodwill business, it's an organization that collects clothes and other unwanted thigns and sells them at low prices
I gave all my old stuff to goodwill, you could use it like that as well
4)
in good faith is different
good faith talks about doing something in an honest and sincere way even if it's the wrong thing to do
I gave hem the information in good faith, I thought it was true unfortunately it wasn't true
to negotiate in good faith, you are trying to get an agreement because if you do something in bad faith you are not being open and honest about something
if you do something in bad faith, you are trying to be difficut and problematic about it
if something is in good faith, it means you are being honest, you are being legal, you are trying to do the right thing
you are seriously believe what you are doing is right honest and legal even if it's not but that is what you believe
when you enter into a contract with somebody, you do it in good faith, both of you are going to try to fulfill this contract
you are doing it honestly
good faith, trying to be honest, above board and clear
in good faith, with good intentions
they made a mistake but they did it in good faith, they had the intention to do the right thing
Formality : 6 for in good faith
Formality : 6.5 for goodwill
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