A company's goodwill is its best collateral.

Name: A company's goodwill is its best collateral.
Brand: Quizplus
Rating: 4.9 (63 reviews)

Question

Quizplus · Accepted Answer

Goodwill is an intangible asset representing the value of a company's brand, customer relationships, intellectual property, and employee relations. It cannot be used as collateral in the same way physical assets or tangible financial assets can, because it does not have a guaranteed liquidation value.

A Company's Goodwill Is Its Best Collateral