Bona Fide

Definition: Genuine and made in good faith, rather than fabricated or intended to deceive.

Example

A buyer submits a bona fide offer reflecting a real intention to purchase on the stated terms.

Keep the distinction clear

Good faith does not guarantee that financing will be approved or that every contract requirement has been satisfied.

Related terms

Good Faith · Offer · Ready, Willing, and Able

Keep studying

What Strengthens a Purchase Offer? Preapproval and Earnest Money

References: California DRE: real estate glossary

Pronunciation (US): BOH-nuh FYDE (capitals show stress)

Pronunciation reference: Merriam-Webster