Milestone billing

Invoices issued after a project step is completed or accepted.

Why it matters

Milestone invoices may be conditional until acceptance. A factor may require proof that the milestone is complete and payable before funding.

Related terms

Related article: How to prepare invoices for factoring

Related reading

Sources

  • International Factoring Association - International Factoring Association. Accessed 2026-05-19. Industry association source for factoring terminology and industry context.
  • Secured Finance Network - Secured Finance Network. Accessed 2026-05-19. Industry education source for secured finance and asset-based lending context.
Financial disclaimer. This page is educational only and is not financial, legal, tax, accounting, or credit advice. Factoring terms vary by provider and contract. Read the full disclaimer.