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Definition turnaround in British English

turnaround noun

noun
/ˈtɜː(r)nəˌraʊnd/
1

an important change in a situation that causes it to improve

Example

an economic turnaround

Synonyms and related words
effect change trend improvement gain quantum leap
Synonyms and related words
about-turn climb-down shift
2

the time that it takes a company or an institution to complete a process

Synonyms and related words
automated factory industrial
3

the financial recovery of a company that has been performing badly for a considerable time

Example

A business may determine a turnaround has occurred after changes in the business model bring in profit instead of the previously experienced losses.

Definition turnaround in British English