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Legal Definition of bona fide. 1a : characterized by good faith and lack of fraud or deceit a bona fide offer b : valid under or in compliance with the law retirement incentives made part of a bona fide employee benefit plan. 2 : made with or characterized by sincerity a bona fide belief.
Legal Definition of mostâfavoredânation clause. : a clause in a treaty granting to a nation in certain stipulated matters the same terms as are then or may thereafter be granted to any other nation.