turndown

turndown
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.


Поделиться ссылкой на выделенное

Прямая ссылка:
Нажмите правой клавишей мыши и выберите «Копировать ссылку»