25 25 II. Enforcement and Defense of Guaranties ï§ âBad Boyâ Guaranty ï§ Many non-recourse guaranties will include provisions that carve-out instances where the guarantor may be personally liable upon the occurrence of certain enumerated bad acts. This type of guaranty is referred to as a âbad boyâ guaranty.5 25 II. Enforcement and Defense of Guaranties ï§ âBad Boyâ Guaranty ï§ Many non-recourse guaranties will include provisions that carve-out instances where the guarantor may be personally liable upon the occurrence of certain enumerated bad acts. This type of guaranty is referred to as a âbad boyâ guaranty.
bank clerk - an employee of a bank who receives and pays out money. cashier, teller. banker - a financier who owns or is an executive in a bank. Translations.
What is a 'Bank Draft'. A bank draft is a payment on behalf of a payer that is guaranteed by the issuing bank. A draft ensures the payee a secure form of payment. During a payerâs reconciliation of his bank account, he notices a decrease in the account balance because of the money withdrawn from the account.