Meaning of “turnaround” in the English Dictionary

"turnaround" in British English

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turnaroundnoun

uk /ˈtɜːn.ə.raʊnd/ us /ˈtɝːn.ə.raʊnd/

(Definition of “turnaround” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"turnaround" in American English

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turnaroundnoun [ C usually sing ]

us /ˈtɜrn·əˌrɑʊnd/

a positive change; improvement:

Business was up over 40% in a dramatic turnaround from last year.

(Definition of “turnaround” from the Cambridge Academic Content Dictionary © Cambridge University Press)

"turnaround" in Business English

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turnaroundnoun [ C, usually singular ]

uk /ˈtɜːnəraʊnd/ us 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)