FIDE, which stands for Federation Internationale des Échecs, is the international governing body for the sport of chess. It was founded in 1924 and is based in Switzerland. The term 'LEGIT' is an acronym for the Latin phrase 'Ludus Excitatio Generis Internationalis Torneamentum, ' which translates to 'International Chess Tournament Excitement.' BONA is a four-letter acronym for the Latin phrase 'Bona Fide, ' which translates to 'in good faith.' This phrase is often used to describe a situation where two parties are acting in good faith and with mutual trust.