A non-recoverable draw is a draw against future commissions that doesn't have to be paid back to the employer.
A draw against commission works like this:
Say I work for ABC company, they offer me $2000 per month draw. I go three months till I get my first sale of $8000, so the company would pay me the regular $2000 draw, they would "recover" the $6000 already made, and pay me the additional $2000.
With that said, a "non-recoverable draw" unlike a "recoverable draw" means if you go a year without a sale you don't need to pay back the $24,000 you've been paid.
A draw is type of salary advance, normally a draw against commission. If the draw isn't withheld from the commission when paid for any reason, then it is a non recoverable draw.
Did you mean, "What is the Prefix of Recoverable?" If so, the prefix in the word "Recoverable" is "Re" which means "back" or "again".
Draw together
It's mean "draw a..."
it means to draw out what you are reading/writing about
In a football score it can mean nil, or that the match was a draw.
A non-recoverable draw is a draw against future commissions that doesn't have to be paid back to the employer. A draw against commission works like this: Say I work for ABC company, they offer me $2000 per month draw. I go three months till I get my first sale of $8000, so the company would pay me the regular $2000 draw, they would "recover" the $6000 already made, and pay me the additional $2000. With that said, a "non-recoverable draw" unlike a "recoverable draw" means if you go a year without a sale you don't need to pay back the $24,000 you've been paid.
Recoverable altho you were foolish not to have "replacement cost". Then you are covered at 100%
Yes. Yes.
Did you mean, "What is the Prefix of Recoverable?" If so, the prefix in the word "Recoverable" is "Re" which means "back" or "again".
The non-recoverable portion of a claim is that part of the claim the insurer will not pay because it is not covered under your insurance policy. There would be no point in filing a claim on that which is not insured.
Non-Recoverable depreciation is depreciation that is not recoverable, that is the obvious answer. In most states a standard Replacement Cost Policy will pay an insured for the replacement cost minus deprecation. As long as you replace the item within a specified amount of time which is typically anywhere from 90 days to a year, you will be able to recover the amount that was depreciated. In a Actual Cash Value type policy this depreciation is NOT recoverable. It is very important to know what type of policy you have before you need it!
It is the depreciation amount that is not covered by the policy. Polices that are based on ACV (Actual Value), rather than RC (Replacement Cost) do not cover value lost due to depreciation.
A recoverable tax is exactly how it sounds. It is money that can be recovered from the sales of your merchandise.
You get paid lets say $500.00 a week. If you make a commission, it is subtracted against the 500.00. Its a paid advance of future to be earned commissions. The problem is....if you make nothing and take the draw checks, you owe all that back after you leave..legally.
recoverable
Draw a circle, then move the point of your compass before you draw another one.
yes.