Ii Collateral- It is an asset that the borrower owns such as land building vehicle live stocks deposits with the banks and uses this as a guarantee to a lender until the loan is repaid. Table 63 Types of Pay illustrates the three types of compensation. Reading Strategy Powerpoint Summarizing Reading Strategies Reading Comprehension Resources Teaching Summarizing In this article you will find definition and explanation of the above contract types with the help of a few examples. . They are salary hourly commission and bonus types of wages. Net 30 - Payment 30 days after invoice date. A debit card costs 21 cents plus 05 percent of the transaction and a credit card can cost upwards of 3 percent of the transaction. Advance payment of term in exports and imports is opted by a buyer only when he knows the seller in details on genuineness as a seller. Net 90 - Payment 90 days after invoice date. If youve ever heard the term spot ...