Algorithm and Schedule

noun

• A precise rule (or set of rules) specifying how to solve some problem.
  • synonyms: algorithmic rule, algorithmic program

• (n.) The art of calculating by nine figures and zero.
• (n.) The art of calculating with any species of notation; as, the algorithms of fractions, proportions, surds, etc.

Algorithm is a complex mathematical model. In credit scoring, it is used to compare data in millions of credit reports and predict a person's likelihood to repay debts.

noun

• A temporally organized plan for matters to be attended to.
  • synonyms: agenda, docket
• An ordered list of times at which things are planned to occur.

verb

• Plan for an activity or event.
  • usage: "I've scheduled a concert next week"
• Make a schedule; plan the time and place for events.
  • usage: "I scheduled an exam for this afternoon"

• (v.t.) To form into or place in, a schedule.
• (n.) A written or printed scroll or sheet of paper; a document; especially, a formal list or inventory; a list or catalogue annexed to a larger document, as to a will, a lease, a statute, etc.

SCHEDULE is an ordered list of times at which things are planned to occur, e. G., cash receipts schedule and amortization schedule.