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.
The same applies at the end of a tenancy. Found on http://www.encyclo.co.uk/local/20912. Vacant possession is a property law concept. Giving `vacant possession` refers to a legal obligation to ensure that a property is in a state fit to be occupied at a given point in time.Vacant possession is most commonly known of on the sale and purchase of residential property and many find that, on the purchase of a new home, they do not obtai.....Found on http://en.wikipedia.org/wiki/Vacant_possession. [disambiguation] ==Licensing== ...acant possession is most commonly known of on the sale and purchase of residential property and many find that, on the purchase of a new home, they do not obtai..... Found on http://en.wikipedia.org/wiki/Vacant_possession. [disambiguation] ==Licensing== ...