bona fide


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Related to bona fide: Bona fide occupational qualification

bona fide

Latin for ‘in good faith’. Genuine, authentic. Pronunciation varies between UK and US Medspeak.

Medspeak-UK: pronounced, boh nuh FEE day.

Medspeak-US: pronounced, boh nuh FIE’d.

bona fide

(bō′nă, bŏ′nă, fīd, fīd′ē, fē′dā) [L.]
Carried out in good faith; honest, without fraud or deception.
References in periodicals archive ?
If Fred advances the funds directly to his son, he should ensure it is structured as a bona fide loan, evidenced by a signed promissory note with a fixed repayment schedule and reasonable interest charge.
They must, however, make a bona fide attempt to collect the debt to ensure a deduction.
The court found that under the Sochurek test, Sanders had been a bona fide resident of the U.
pdf), the CFPB has indicated that lenders may permit bona fide discount points to reduce a borrower's rate even if the rate was first increased as a result of LLPAs.
The IRS also asserted, as it had in the Tax Court case, that the partnership was a sham, that HBH did not own the property, and that Pitney Bowes was not a bona fide partner for federal tax purposes.
He prayed to the court to accept his apology as bona fide and contempt proceedings against him may accordingly be discharged.
The Board of Selectmen deemed it was not a bona fide offer for the town to purchase the property because it contained contingencies.
11) The GAO then rejected the NLRB's assertion that the bona fide needs rule does not apply to subscriptions.
I'd say 75 per cent of those don't have bona fide owners which goes to highlight the problem.
SBHP legislation would allow bona fide trade and professional associations to independently pool their members, gaining bargaining power that the government, big business and unions currently enjoy when negotiating with insurers for health care prices.
The value of the gross estate shall include the value of all property to the extent of any interest therein of which the decedent has at any time made a transfer (except in the case of a bona fide sale for an adequate and full consideration in money or money's worth), by trust or otherwise, under which he has retained for his life or for any period not ascertainable without reference to his death or for any period which does not in fact end before his death--
The purpose of this article is to analyze the recent FLP cases in the context of the bona fide sale exception, and to discuss planning considerations to avoid the potential application of [section] 2036 by satisfying the bona fide sale exception.