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.
Typically the companies that paid a draw in lieu of salary only paid commission after the draw was covered. The firms that paid basic salaries usually had a threshold of 2x to 3.5x salary before commission was paid.