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bona fide purchaser
(redirected from Bona fide purchaser for value without notice)

    Also found in: Legal, Wikipedia 0.07 sec.
bona fide purchaser (BFP)
One who purchases property in good faith and for a valuable consideration without knowledge,actual or constructive,of the seller's title defects.Under certain circumstances,BFPs may retain the property free and clear of the claims of others.(As a practical matter,it is difficult to be a BFP of real property because of the constructive notice provided by public filings of almost all real estate-related claims.)


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