A Latin term meaning "good faith". This refers to an individual's position under the law that is based in good faith without notice of fraud with regards to a particular transaction or with regards to the authenticity of a particular document.
Definition from Nolo’s Plain-English Law Dictionary
Latin for "good faith," it signifies the "real thing" and the lack of deceit. In the case of a party claiming title as bona fide purchaser or holder, it indicates lack of knowledge of any defect in title.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:11 pm