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English to Spanish translations [PRO] Bus/Financial
English term or phrase:goodwill (see context)
Goodwill = (i) cumulative net results after tax, as approved by the shareholders and the external auditors, of the last three (3) completed fiscal years, or (ii) in the event of a transfer of shares prior to completion of three (3) fiscal years, the total cumulative audited and approved net results after tax since the start of the joint venture. It being understood that Goodwill shall never be less than 0.