Definition for : Milestone

Designates in the context of a project, the achievement of a certain stage in the completion (E.g. end of the foundations building, or first quarter of positive net operational cash flows). The financing arrangements or M&A documentation can contain reference to such milestones and the level of remuneration and/or Collateral package can fluctuate according to pre-set formulae.

To know more about it, look at what we have already written on this subject