Slang for bona fide purchaser.
Category: Business, LLCs & Corporations → Buying or Selling a Business
Category: Real Estate & Rental Property → Buying a House

Nolo’s Plain-English Law Dictionary. . 2009.

Innocent purchaser of property who purchases for value without notice of any other party's claim against the property. So long as a bona fide purchaser properly records the transaction, the bona fide purchaser takes good title to the property despite competing adverse claims. Those parties holding competing adverse claims may bring an action only against the party who fraudulently transferred the property to the bona fide purchaser.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

abbr. Bona fide purchaser.

Webster's New World Law Dictionary. . 2000.

   slang for bona fide purchaser, which means someone who purchased something (e.g. a bond, a promissory note, or jewelry) with no reason to be suspicious that it was stolen, belonged to someone else, or was subject to another party's claim. The BFP must have paid a full and fair price and have received the item in the normal course of business, otherwise he/she might have some doubts ("wanta buy a watch, cheap?" from a character on a street corner).
   See also: bona fide purchaser

Law dictionary. . 2013.

Look at other dictionaries:

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  • BFP — biologic false positive * * * BFP abbr biologic false positive * * * biologic false positive …   Medical dictionary

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  • bfp — ISO 639 3 Code of Language ISO 639 2/B Code : ISO 639 2/T Code : ISO 639 1 Code : Scope : Individual Language Type : Living Language Name : Beba …   Names of Languages ISO 639-3

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  • Bund Freikirchlicher Pfingstgemeinden — Der Bund Freikirchlicher Pfingstgemeinden (Abgekürzung: BFP) ist ein Zusammenschluss evangelisch pfingstlicher Freikirchen und als solcher Teil der weltweiten Pfingstbewegung. Er hat die Rechte einer Religionsgemeinschaft als Körperschaft des… …   Deutsch Wikipedia

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