bona fide (not comparable) 1  In good faith. 2  Genuine; not counterfeit.
What is a 'Debtor in Possession (DIP)' A debtor in possession (DIP) is a person or corporation who has filed for bankruptcy protection but still holds property that a creditor has a right to.  It is part of U.S. bankruptcy law and is the term used to describe a corporation that continues to do business while under Chapter 11 bankruptcy proceedings.
Adverse possession is a situation when a person who does not have legal title to land (or real property) occupies the land without the permission of the legal owner. The permission of the owner may be reflected in the entering into a lease or granting a licence, typically associated with the payment of some rent.