Home > Glossary > Bona Fide Purchaser
Meaning / Definition of
Bona Fide Purchaser
Categories: Legal,
Someone who purchased something with no reason to believe that the property belonged to someone else or that the property was subject to another party's claim. The purchaser must have paid a full and fair price for the property and have received the item in the normal course of business. (See also: holder in due course)
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