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What Is a Milestone Schedule

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What is a milestone schedule?


Definitions:

Loanable Funds

The market where savers supply funds for loans to borrowers.

Borrowers

Individuals or entities that take funds from a lender with the intention of paying back the borrowed amount plus interest.

Downsloping

A term describing a downward trend or decrease, often used in economics to refer to declining prices or demand curves that slope downwards as price increases.

Nominal Interest

is the stated interest rate of a loan or financial product, not adjusted for inflation, representing the face value of the interest charged or earned.

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