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.
What is salary. Salary refers to remuneration, including allowances, paid for work done under a contract of service. It does not include: 1  The value of accommodation, utilities or other amenities.2  Pension or provident fund contribution paid by the employer. 3  Travelling allowance. 4  Payments for expenses incurred during work.hat is salary. Salary refers to remuneration, including allowances, paid for work done under a contract of service. It does not include: 1  The value of accommodation, utilities or other amenities.