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Definition of milestone : A stone serving the same purpose as a milepost.

Synonyms:

post, milepost, sign, stone, discovery, pillar, breakthrough, anniversary

episode, circumstance, juncture, instant, condition, cardinal point, moment, incidence, occasion, occurrence, situation, status, conjuncture, happening, event, basis, landmark

Usage examples:

• Madras itself is a great and historic city, which owes its existence to British enterprise, with Indian co- operation, and St. Mary's Church, as the oldest British building therein, is the earliest milestone of progress. - "The Story of Madras", Glyn Barlow.
• That’ s through, I trust: those ewes have taken a deal Of seeing to: and I’ m lonely as a milestone, When you’ re away. - "Krindlesyke", Wilfrid Wilson Gibson.
• When the three hours were over he reached a milestone, on which was written: " To the Coast, three hours; to the Palace, one minute." - "The Blue Rose Fairy Book", Maurice Baring.