What does the cryptic crossword clue "Barking resident in bank grabbing boob (7)" mean?

The definition is "Barking resident". The wordplay uses a container (one word inside another). ERR (synonym="‘boob’") in TIER (synonym="‘bank’") = TERRIER; definition: "Barking resident" The answer is TERRIER.

Barking resident in bank grabbing boob (7)

Guardian Cryptic #29109 | 17 Across | 2023-06-29 flower

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