Latin Legal Terms

Bona

Bona – this term in the area of Commercial Law in most jurisdictions the term refers to “an asset”, “a benefit”. It relates to several legal terms:
- “bona fide”, which literally means “in good faith. Usually it refers to a situation, where a purchaser or acquirer receives something without fraudulent actions.
- In addition the term “bona fide lawyer” refers to self-employed attorney who is entitled to represent clients in court.

* Note that bona fide lawyers do not practice law for free; their personal advocacy is paid, so when asking a bona fide lawyer for their acceptance of service on a concrete legal issue, or to represent you in court hall, you should pay them for their opinion and legal advice/representation; it is the same like when you visit a doctor and pay for their competent diagnose and accurate medical treatment.

- “bona fide possessor” – this term is used in the sphere of Real Estate Law, to detail the figure of a good-faith possessor on a real estate, which belongs to other owners. The good-faith possessor is entitled to claim the ownership after expiration of time, (per the methods of time prescription) as detailed in the local legislation.
- “bona memoria” – literally this term means “in clear mind”. In the sphere of Inheritance Law in some jurisdictions it refers to the mental capacity of the testator to leave inheritance with a will.
- “bona mobilia” – this Latin term could have two different meanings:
- In the area of Bankruptcy Law it details the whole pot consisting of movable assets/properties that have to be divided among the judgment creditors.
- in the area of Property Law it refers these items and properties, that do not have an owner (usually because abandoned or unclaimed by heirs).
- “bona notabilia” – this Latin term in the sphere of Inheritance Law in some legal systems it refers to the inherited assets with valuable price, usually in different areas.
- “bona vacantia” – this Latin term, within the area of Property Law details a property that belongs to nobody, and may be claimed by a finder. In some countries, the government becomes owner of all bona vacantia property. See also http://www.bonavacantia.gov.uk/output/.

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Bear that none of the listings on this dictionary and its explanations does not represent legal advice, and should not be considered applicable to any individual case or legal suit. All the definitions and interpretations have been stipulated with a theoretical purpose only to deliver more concrete information to the visitor of the website about the term or phrase itself.