Bona Fide Purchaser
/ˌboʊ.nə ˈfaɪd pɜːr.tʃə.sər/
Definitions
- (n.) A person who purchases property in good faith, for value, and without notice of any other claim or defect in the title.
The bona fide purchaser acquired the property free from previous undisclosed liens.
Forms
- bona fide purchaser
Related terms
See also
Commentary
The term emphasizes good faith and lack of notice, protecting innocent purchasers in property and commercial law.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.