turndown turn‧down [ˈtɜːndaʊn ǁ ˈtɜːrn-] noun [countable] ECONOMICS
a situation in which there is less business done than before, when the economy becomes weaker etc:

• The first half of the year saw a turndown in consumer spending.

* * *

turndown UK US /ˈtɜːndaʊn/ noun [C]
ECONOMICS a reduction in business activity in a particular area or in the economy in general: »

A wave of telecoms mergers and acquisitions was triggered across Europe after the dotcom turndown.

HR, BANKING a situation in which you are refused something that you apply for, such as a job or bank loan
See also TURN SB/STH DOWN(Cf. ↑turn sb/sth down)

Financial and business terms. 2012.

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Look at other dictionaries:

  • Turndown — Turn down , n. 1. an act of refusing or of being refused; as, to get a turndown in an application for a job, a grant, etc. [PJC] 2. a decline in activity, especially business; as, they expect a turndown in housing construction in the fall. [PJC] …   The Collaborative International Dictionary of English

  • Turndown — Turn down , a. 1. Capable of being turned down; specif. (Elec.), designating, or pertaining to, an incandescent lamp with a small additional filament which can be made incandescent when only a small amount of light is required. [Webster 1913… …   The Collaborative International Dictionary of English

  • turndown — [tʉrn′doun΄] adj. 1. that can be turned down 2. having the upper part folded down [a turndown collar] n. 1. a rejection; rebuff 2. a decline; downturn …   English World dictionary

  • turndown — I. adjective Date: 1763 capable of being turned down; especially worn turned down < a turndown collar > II. noun Date: 1849 1. something turned down; also an instance of turning something (as a bed sheet) down < hotel turndown …   New Collegiate Dictionary

  • turndown — UK [ˈtɜː(r)nˌdaʊn] / US [ˈtɜrnˌdaʊn] noun [countable] Word forms turndown : singular turndown plural turndowns business a downturn …   English dictionary

  • turndown — /terrn down /, adj. 1. that is or may be turned down; folded or doubled down: a turndown collar. n. 2. an act or instance of being refused or rejected: He got turndowns from all the better colleges. [1830 40; from v. phrase turn down] * * * …   Universalium

  • turndown — turn•down [[t]ˈtɜrnˌdaʊn[/t]] adj. 1) that is or may be turned down; folded or doubled down: a turndown collar[/ex] 2) cvb an act or instance of being refused or rejected Etymology: 1830–40 …   From formal English to slang

  • turndown — noun the act of refusing an offer the turndown was polite but very firm • Syn: ↑nonacceptance • Derivationally related forms: ↑turn down • Hypernyms: ↑rejection …   Useful english dictionary

  • Turndown ratio — is a flow measurement term that indicates the range a specific flow meter, or meter type, is able to measure with acceptable accuracy. It is also known as rangeability. It is important when choosing a flow meter technology for a specific… …   Wikipedia

  • turndown — noun A downturn …   Wiktionary

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