Structure
What are the elements that make up this word's structure?
The Collins entry also has the word divided into segments: bona fide. This gives me a clue into a possible hypothesis:
bona + fide
Neither of those two stands as free bases in English. I'm not sure I can analyze this any further, so I'll turn to the entry in Etymonline to get a better sense of how this word arrived in English.
The entry says it's an ablative of bona fides. In Latin, nouns had "cases" that told us how they would function. The nominative case functioned as the subject, while the accusative case functioned as the direct object. You can think of the ablative case as the form that corresponds to the English forms that appear after by, with, or from. We do not really have cases for nouns in English; syntax helps us determine function. We do find cases with English pronouns: subjective she, objective her, and possessive hers.
The word bonafide can be thought of as a loanword in English. Loanwords are adopted into a language and aren't translated into its orthography. The pronunciation of a loanword might shift, as it did with croissant from French or karaoke from Japanese.
In the entry for faith, we see that the fide in our word is from Latin fidere, "trust."
But what about bona?
Sometimes when I still have questions, Wiktionary is a resource I can turn to, especially in regards to the origin of words from another language, like Latin.
There, I learn that bona is a form of bonus, a familiar word to us in English. This form is the nominative form in Latin. When we are looking for an English base, we often look at the genitive form, or the possessive form. The genitive form in English is often signaled by an <'s>. The chart in Wiktionary tells me the genitive is boni. Remove the Latin suffix , and I'm left with