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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.
A Good Label for a Bad Cause. The very word âprotectionismâ is one of its selling points. It implies that those who favor protectionist measures want to shield, guard and defend Americans from forces which undermine their economic welfare.