Bona Fide

Definition

  • Characterized by good faith and lack of fraud or deceit. In real estate, a bona fide purchaser or seller has the legal right to give or receive title.

Synonyms
honest, without deception, true, lawful, genuine, sincere

Related Terms and Acronyms

  • Contract Definition,
    • An agreement between two or more parties that can be enforced by law.
  • Non-Disclosure Agreement (NDA) Acronym,
    • A contract that disallows one or more parties from disclosing information covered by the contract.
  • Statute of Frauds (SOF) Acronym,
    • A law which provides that certain contracts must be in writing to be enforceable at law. This includes real estate contracts.
  • Title Definition,
    • Evidence of a person's right to possession ownership of a property.
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