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.

More On This Topic

Link to This Definition
Did you find this definition of BONA FIDE helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary