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.
Here goes... You can solve for either the Monthly Payment and Balloon Payment or the Balloon Payment Only.When you solve for the Monthly & Balloon payments, fill in the first three fields only. The payment is based on a 30 year loan.When you solve for the Balloon Only payment, fill in the first four fields. You can make the payment whatever you want. Therefore, it acts like a payoff calculator.Study the examples below. I think they will make it a bit more clear.