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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.
Terms are defined in the Glossary in section 11 to assist with the understanding of this Standard. 1 This Appendix is part of the Standard and so the term âStandardâ is used throughout. âStandardâ refers to the Public Benefit Entity. Simple Format Reporting â Accrual (Not-For-Profit) abbreviated as PBE SFR-A (NFP).