The document discusses different types of schedules for transactions in a database including serial, serializable, and equivalent schedules. A serial schedule requires transactions to execute consecutively without interleaving, while a serializable schedule allows interleaving as long as the schedule is equivalent to a serial schedule. Equivalence is determined based on conflicts, views, or results between the schedules. Conflict serializable schedules can be tested for cycles in a precedence graph to determine if interleaving introduces conflicts, while view serializable schedules must produce the same reads and writes as a serial schedule.