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.
Deeds of trust do not use the common terms âgrantorâ or âgrantee.â Under a deed of trust, three parties are in play: the borrower, the lender and a neutral trustee.The borrower meets the closest definition of âgrantee;â the borrower is the one who will ultimately receive title, but only after repaying the debt.rantor, Grantee. The most common terms found in most deeds are âgrantorâ and âgrantee.â The grantor is the person who is giving away the title or interest in the real property. The grantee is the person receiving that title.