Ed works for Lanier Business Products as a straight commission sales representative. In weeks when his earned commission is less than $600, the company loans him enough money against future commissions to allow him to receive $600. In future weeks, when Ed earns more than $600, the extra is applied to repaying the loan. For Ed a guaranteed $600 is his:

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This situation describes a draw, which is an advance payment against future earnings. In weeks when Ed's commissions are less than $600, he receives a loan (draw) from the company to reach the guaranteed minimum of $600. When he earns more than $600 in future weeks, the extra is used to repay the loan. This arrangement helps to provide Ed with a consistent income even if his commission earnings fluctuate.

Ed Works for Lanier Business Products as a Straight Commission