If triggered by enumerated bad acts, bad boy guarantees require the borrower and/or guarantor to be personally liable for damages to the lender, or alternatively, converts an otherwise non-recourse loan into a full-recourse loan as against the borrower or guarantor.ltimately, mortgage lenders will continue to ask for bad boy guaranties triggered by bankruptcy and other bad acts. As mezzanine lending becomes more available, mortgage lenders and borrowers have an opportunity to assert new practices which seek to limit mezzanine lenderâs leverage in a foreclosure situation.
BREAKING DOWN 'Balanced Fund'. A balanced fund is geared toward investors who are looking for a mixture of safety, income and modest capital appreciation. The amounts that such a mutual fund invests into each asset class usually must remain within a set minimum and maximum.
People tend to think of a fund balance as a savings account. It is not, nor is it a ârainy day fund.â A fund. balance is the amount of assets in excess of liabilities. These assets could include investments, delinquent taxes, accounts receivable and inventories. Further, the amount within a fund balance.