Credit history-A record of an individual's or firms past borrowing and repaying behavior.

It will list personal or corporate information, credit lines currently in the person's or firm's name, and risk factors like late payments or a recent bankruptcy. Trade Acceptance If the acceptance is made by a finance company, then it is called a trade acceptance. An example would be a finance company affiliated with a manufacturing company that must make large purchases of parts, either domestically or overseas. Since a finance company does not necessarily carry the same "comfort" weight as a bank, or in order to facilitate a series of payments and conditions, the acceptance may be backed by a letter of credit issued by bank. Open book accounting provides transparent processes that supports the basis for clients to develop collaborative working arrangements with their contractor partners with a view to: 1. Understanding expenditure (cost base) 2. Understanding the cost implications of decisions taken or being considered in delivering a project and forward investment 3. Operating and managing a target contract to incentivize and drive improvements in cost efficiency 4. Encouraging clients and contractors (and their supply chains) to work together to develop and implement a proactive approach to project decision making.

It can also provide a mechanism in long term strategic partnering arrangements to identify and drive year on year or project on project cost efficiencies in a rapidly changing market place. It assumes mutuality of purpose (common objectives) and a mature attitude from both partners (and key supply chain members) to work together with a willingness to resolve sometimes difficult commercial issues. Open book accounting assists in creating the right environment for scrutinizing and considering the risks that may threaten the success of a project and deal with them in a constructive manner. It allows better knowledge and understanding to develop between partner organizations, greater sharing of risks and more accountability for public money in a way that will drive up project delivery outcomes and service standards.

Example of Check

Example of Credit Card Credit Card Visa MasterCard American Express Diner's Club Carte Blanche Discover en Route JCB Sample Number 4111 1111 1111 1111 5500 0000 0000 0004 3400 0000 0000 009 3000 0000 0000 04 3000 0000 0000 04 6011 0000 0000 0004 2014 0000 0000 009 3088 0000 0000 0009

Example of Promissory Note Promissory Note Template Date: 26th May, 2010 Principal Amount: US$ 5,60,000 For value I received, I Marcus Phil (name of borrower) the undersigned promises to Paul Mackenzie (name of lender) the sum of US$ 5,60,000 in consecutive, monthly payments of US$ 5000 (monthly installment) commencing on this date of 26th May, 2010, (mention the date) and thereafter on same day of each and every subsequent month until fully paid. In the event the borrower defaults in any payment beyond 25 days from the agreed date of payment, a late penalty charge of US$ 20 per month per day will be assessed until all the amount is payed back. This will include the interest, late charges and applicable fees. The papers regarding the legal matters concerning all transactions will be send the address as mentioned in the loan form. The borrower must inform the lender in any case of address change. This note may be prepaid by the borrower at any time in whole or parts without premium or penalty. Borrower agrees to pay all the cost of collection, legal expenses and solicitor fees, incurred or paid by the lender in collection and enforcement of this note. Borrower s Signature Name: Marcus Phil Address: (Give complete Address) Driver License Number: 848855 Social Security Number: 474848 In witness whereof, I set my hands under seal this 26th day of May 2010 and I acknowledge receipt of a completed copy of this instrument. Notice/Seal of Authority