The value that a firm has as an entity, as opposed to the sum of the values of each of its parts taken separately; particularly important in determining a reasonable railroad rate.
The additional element of value of a trade or business that attaches to property by reason of its existence as an integral part of a going concern. Also known as the synergism-of-business assets, it includes the value attributable to the ability of a trade or business to continue to function and generate income without interruption, even with a change of ownership, and the use or availability of an acquired trade or business.
The value of a company to another company or individual in terms of an operating business. The difference between a company's going-concern value and its asset or liquidation value is deemed goodwill and plays a major role in mergers and acquisitions.