Princeton's WordNet(0.00 / 0 votes)Rate this definition: 1  throat, pharynx(noun) the passage to the stomach and lungs; in the front part of the neck below the chin and above the collarbone. 2  throat(noun) an opening in the vamp of a shoe at the instep. 3  throat(noun) a passage resembling a throat in shape or function.
A draw is a payment to a commissioned employee that is credited, in whole or in part, against. future commissions. Draws typically function like an advance or guaranteed minimum payment. of commissions subject to settlement at set intervals. At the settlement, draws made are.
The bottom line: Minimum payments are the absolute smallest amount youâre permitted to pay on your credit card balance each month, and your card issuer can calculate this figure in a couple of different ways. But paying just the minimum isnât a good idea, so be sure to pay the whole balance every time!