For the purposes of this Regulation, the following definitions apply:

(1) "Union funds" means funds covered by a Regulation of the European Parliament and of the Council laying down common provisions on the European Regional Development Fund, the European Social Fund Plus, the Cohesion Fund, the Just Transition Fund and the European Maritime, Fisheries and Aquaculture Fund and financial rules for those and for the Asylum, Migration and Integration Fund, the Internal Security Fund and the Border Management and Visa Instrument (the 'Common Provisions Regulation for 2021-2027');

(2) "financial contribution" means non-repayable financial support under the Facility that is available for allocation or that has been allocated to a Member State;

(3) "European Semester" means the process set out in Article 2-a of Council Regulation (EC) No 1466/97 [Council Regulation (EC) No 1466/97 of 7 July 1997 on the strengthening of the surveillance of budgetary positions and the surveillance and coordination of economic policies (OJ L 209, 2.8.1997, p. 1).];

(4) "milestones and targets" means measures of progress towards the achievement of a reform or an investment, with milestones being qualitative achievements and targets being quantitative achievements;