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.
Salary Furlough Defined. A salary furlough is a set period of time during which an employee does not report for work and does not earn a wage. The employee retains her job during the salary furlough, however, which means that the employee retains benefits. After the salary furlough ends, the employee returns to work.