TARGET DATE Meaning and
Definition
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A target date refers to a specific date or deadline set for the achievement of a particular goal or completion of a task. It represents the desired or planned date by which a specific objective is intended to be accomplished. Target dates are utilized in various contexts, such as project management, financial planning, and personal goal setting, to establish time-bound targets and facilitate effective planning and execution.
In project management, a target date acts as a reference point for scheduling activities, allocating resources, and monitoring progress towards the completion of a project. It serves as a benchmark against which project milestones and deliverables are measured, ensuring that the project stays on track and progresses as intended.
In the realm of financial planning, a target date often pertains to saving or investment goals, particularly in retirement planning. It signifies the desired date by which an individual aims to accumulate a specific amount of funds or achieve a desired level of financial security. Investments may be structured around these target dates, with portfolios automatically adjusting over time to reduce risk and maintain an appropriate asset allocation as the target date approaches.
Within personal goal setting, a target date establishes a clear timeline for achieving desired goals and objectives. By setting a specific target date, individuals can outline the necessary actions, allocate resources, and track progress towards their goals effectively. This approach encourages focus, motivation, and accountability, thereby increasing the likelihood of success.
Common Misspellings for TARGET DATE
- rarget date
- farget date
- garget date
- yarget date
- 6arget date
- 5arget date
- tzrget date
- tsrget date
- twrget date
- tqrget date
- taeget date
- tadget date
- tafget date
- tatget date
- ta5get date
- ta4get date
- tarfet date
- tarvet date
- tarbet date
- tarhet date
Etymology of TARGET DATE
The etymology of the phrase "target date" can be broken down into the origins of the two constituent words.
1. Target: The word "target" dates back to the late 14th century and originated from Middle English "targette", meaning a small shield or round object aimed at in practice or contest. It comes from the Old French word "targete" or "targe", which also referred to a shield. The Old French term traced its roots to the Late Latin word "tartarus", meaning a small round shield. In turn, "tartarus" had come from the Greek term "tartaros", referring to the underworld. Over time, the word "target" evolved to its current meaning of an objective or goal to be achieved.
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