Draw

{
  "id": "MLC-T-LAW-001754",
  "term": "Draw",
  "field": "Law",
  "definition": "An advance payment made to an employee or partner against anticipated future earnings, commissions, or profits. This arrangement provides a steady income stream when actual compensation is variable or paid out infrequently. The draw is later reconciled against the actual earnings, with any deficit either carried forward as a debt or forgiven, depending on the terms of the employment or partnership agreement.",
  "url": "https://mlchart.com/terminology/law/draw/"
}