MILESTONE PAYMENT title: milestone payment (PSM-GM) (SAP Library - Glossary)
MILESTONE PAYMENT category: Grants Management (PSM-GM)
MILESTONE PAYMENT explained:
Funding arrangement where a specific goal in an agreeement is determined, and when fulfilled and verified, a defined percentage amount is paid to the grantee from the grant's authorized funds.
Example
A grant is awarded to a contractor to build low-income housing. In the agreement, specific targets are set for the completion of the project, such as having a percentage of the houses ready to live in by a specified date. This is a milestone, that if reached on time and to the satisfaction of the grantor, triggers a payment to the grantee for the costs incurred.
More terms such as milestone payment in Dictionary M.
- Manual Main Mouse Button:
- Help A mouse button to which the Normal select function is assigned. For right-handed users, this is usually the left-hand mouse button milestone payment definition.
- Manual Material Availability Check:
- Help A check that is carried out automatically to find out whether there are enough materials in stock to cover a proposed withdrawal milestone payment explain.
- Manual Market Risk:
- Help Risk of financial instruments due to fluctuations in the market parameters milestone payment what is.
- Manual Material Urgency Level:
- Help A grouping of several requirement urgencies in one group milestone payment meaning.
- Manual Material Description:
- Help A text of up to 40 characters that describes a material. Only one description can be entered for each material, in as many languages as desired milestone payment abbreviation.