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.
A draw is a predetermined amount of money that an employer advances to a salesperson against future commissions generated from sales. The idea of a draw is for the salesperson to earn his keep by at least equaling the draw amount for a given time period. For example, if the draw amount is $2,000 for a 30-day period, the salesperson should generate enough sales to result in $2,000 in commissions during that time. The salesperson gets to keep any commissions in excess of $2,000. If he fails to reach that figure, the deficiency is carried over to the next month.