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.
1 Balloon payment. âBalloon paymentâ means a payment that is more than two times a regular periodic payment. âBalloon paymentâ includes the payment or payments under a transaction that requires only one or two payments during the loan term.  The maximum amount of the balloon payment and the due date of such payment.