|
|
|
 |
Loan and Mortgage Terms Glossary |
 |
|
 |
Goodwill:
The difference between the market value of an institution's assets and the higher amount paid at the time the institution is purchased or merged into another institution. Rather than making the acquiring institution immediately deduct the difference from its stated assets, accounting procedures allow the institution to amortize the goodwill over the average life of the acquired assets
|
|
|
|
|
|
|
| |
