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What is the difference between "List Price Schedules" and "Price Schedules"?

Hello all.

I am trying to change/implement pricing schedules. I have already set up all of the products with their list prices, but now I need to adjust them globally for wholesalers and importers. I found that there are 2 sets of Price Schedules. One “List Price Schedules” and the other “Price Schedules”. What are the differences?

On other question - How to make Price Schedules work for “Prospects”? Customers have a “customer type” but no such field for Prospects. We like the idea of using Prospects so that the database of Customers is clean - only those who have purchased are actual customers.

Thank you!