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English definition of “turnaround”

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turnaround

noun [C, usually singular]
 
 
/ˈtɜːnəraʊnd/ ( also UK turnround)
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 from the Cambridge Business English Dictionary © Cambridge University Press)
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