Step 1: Meaning of Bona Fide: The term “Bona fide” is a Latin phrase used in legal and everyday contexts meaning “in good faith” or “genuine.” It refers to actions or intentions that are sincere and honest without any intent to deceive.
Step 2: Legal Usage: In law, bona fide transactions or parties act honestly and fairly, with no intent to defraud or cheat.
Step 3: Differentiation: It does not refer to a person’s habits, innocence proven in court, or a certificate issued by an employer.
Hence, Bona fide means genuine, sincere or in good faith.