Reactant: a substance which is in a chemical reaction. Product: substance which is produced by the chemical reaction. A chemical change that you are familiar with is rust. In this chemical reaction, oxygen and iron, which are the reactants, combine to form a product called iron oxide(rust).
Term Definition. Draw against commission is a salary plan based completely on an employeeâs earned commissions. An employee is advanced a set amount of money as a paycheck at the start of a pay period.
A twist on draw versus commission is sometimes called draw against commission. In this pay structure, when sales donât earn the employee enough money to get paid the standard paycheck, the company deducts the draw from the salesperson's projected future commissions.