What is BONA FIDE?

In or with good faith; honestly, openly, and sincerely; without deceit or fraud. Truly; actually; without simulation or pretense. Innocently; in the attitude of trust and confidence; without notice of fraud, etc. The phrase “bona fide” is often used ambiguously ; thus, the expression “a bona fide holder for value” may either mean a holder for real value, as opposed to a holder for pretended value, or it may mean a holder for real value without notice of any fraud, etc. Byles, Bills, 121.

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