Bona Fide


Also found in: Dictionary, Thesaurus, Medical, Legal, Idioms, Wikipedia.
Related to Bona Fide: Bona fide occupational qualification

Bona Fide

In law, belief that a statement or act is made or done honestly and with no ill intent, even if ill effect results. Liability for ill effect may be lessened or eliminated if the statement or act causing it was bona fide. The term is Latin for "in good faith," and the concept is sometimes referred to in this way.
References in periodicals archive ?
Note: Although loan formalities like those described above help establish the existence of a bona fide debt, a debtor-creditor relationship can still exist without them.
The company's legal counsel will ensure a true and accurate distribution of the spin-off shares to our bona fide shareholders and will enforce compliance within the brokerage industry.
Taxpayers must carefully document each factor to prove a family loan's bona fide nature.
More than three years after Sanders filed Forms 1040 with the VIBIR, the IRS mailed him a notice of deficiency determining that he was not a bona fide resident of the U.
Oral statements made by the CFPB relating to the treatment of LLPAs and bona fide discount points support that approach.
It concluded that HBH was a valid partnership and that Pitney Bowes was a bona fide partner.
Justice Ejaz told him that it was the discretion of the court to determine whether there was bona fide intentions or not.
He is asking the court to rule that his purchase and sale agreement is a bona fide offer and that the town has no further first-refusal option, "having failed to properly exercise the first refusal option within the time period specified by the statute.
On appeal, the county argued that when a developer conveys to a bona fide purchaser a lot that was previously assessed at the developer's acquisition cost, the lot must be revalued at its purchase price regardless of whether it contains a building.
Thus, the GAO determined that the NLRB's need for contract performance beginning on 1 October 2006 made the subscriptions the bona fide need of the prior FY, FY 2006.
Any bona fide caller will be happy to wait at the door while you check they are genuine.
Born in 1959 and raised in Huntington Beach, West was a bona fide California girl, splitting her time between surfing and skiing, Currie said.