turnaround

/ˈtɜːnəraʊnd/ noun [C, usually singular] (also UK turnround)

Definition

› COMMERCE, PRODUCTION the amount of time that it takes for a piece of work to be done, a product to be supplied, etc.: Management examined ways to speed up turnaround.

› a big change that turns a bad situation into a good one: The insurance group's focus on new products played a big part in its turnaround.a turnaround in sth The greatest turnaround in market conditions has been seen in the South East.a turnaround plan/programme/strategy The troubled insurer announced a turnaround plan to rescue the business.

› TRANSPORT the amount of time it takes for a truck, plane, etc. to get ready for a return trip: The airline's 25-minute turnaround time does not provide sufficient time for basic security checks.

(Definition of turnaround noun from the Cambridge Business English Dictionary © Cambridge University Press)

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