bona fide purchaser

(redirected from Equity's darling)
Also found in: Financial, Encyclopedia, Wikipedia.

bona fide purchaser

n. commonly called BFP in legal and banking circles; one who has purchased an asset (including a promissory note, bond or other negotiable instrument) for stated value, innocent of any fact which would cast doubt on the right of the seller to have sold it in good faith. This is vital if the true owner shows up to claim title, since the BFP will be able to keep the asset, and the real owner will have to look to the fraudulent seller for recompense. (See: BFP, holder in due course)

References in periodicals archive ?
EQUITY'S DARLING can land a repeat success in tomorrow's Tote Credit Club 0800 825550 Hurdle at Sandown Park.
Pat Murphy, who just missed out with Shadiann, had to wait only half an hour for compensation in the shape of Another Night's four-length victory over Equity's Darling in the three-mile handicap hurdle.
The less-than-straight-backed cadre of Press Room Hussars present suggested to Daniel O'Brien, the trainer of the winner Equity's Darling, that, given the ownership of the second, it was perhaps not the moment to be declaring so candidly that it was a sub-standard race.