Goodwill is a long-term asset categorized as an intangible asset. Goodwill arises when a company acquires another entire business. The amount of goodwill is the cost to purchase the business minus the fair market value of the tangible assets, the intangible assets that can be identified, and the liabilities obtained in the purchase.
Related Terms. Person who binds himself or herself, or the entity he or she is authorized to represent, by his or her signature to the terms of an agreement. By becoming a signatory on the loan, he was responsible to pay the bank $500 every month by the 31st or he would be taken to court over his failure to pay.
A 17-year-old can sign a contract such as a lease agreement with the support of parents or legal guardians if they agree to act as co-signers.A co-signer is someone who assumes responsibility for the rent payments if the tenant will not or cannot pay.With this setup, a landlord may be willing to sign a lease agreement with a minor if a legally responsible party is part of the agreement.o-signing With Parents or Guardians. A 17-year-old can sign a contract such as a lease agreement with the support of parents or legal guardians if they agree to act as co-signers. A co-signer is someone who assumes responsibility for the rent payments if the tenant will not or cannot pay.