bad-boy guarantee

noun

  • Business (Corporate) Law/Company Law
  • Real Estate Law
  • Banking and Finance
  • Bankruptcy Law

Definitions of bad-boy guarantee

  • a provision, often found in commercial real estate loans where the borrower is a company, which holds the owner of the company personally responsible for the loan if the company files for bankruptcy

    Harrison agreed to sign a bad-boy guarantee, making Harrison liable for repaying the $107 million loan should the four properties seek bankruptcy protection.

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