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.
Base pay refers to regular compensation received by an employee for effectively just showing up. Employers may pay base pay as a salary, an hourly wage or for piece work. All of these are base pay.Base pay, in more specific terms, refers to what an employee makes per hour, week or completed project.ase pay refers to regular compensation received by an employee for effectively just showing up. Employers may pay base pay as a salary, an hourly wage or for piece work. All of these are base pay.