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.
Definition. The starting salary is the amount of money your employer will compensate you during your first days, weeks or months of employment. There is no law regarding how soon after you begin employment that your employer must give you a raise.ome employers ask applicants to provide their salary requirements when applying for a job. If the employee's desired salary is far higher than the employer intends to pay, the employer will likely not consider that candidate for the position.