turndown
noun[C]
(alsoturn-down)uk/ˈtɜːn.daʊn/us/ˈtɜ˞ːn.daʊn/areductionin theamountorsuccessof something, such as a country'seconomicactivity:
Theyarguedthat, because there is aneconomicturndown, it is just therighttimetomoveto a low-carboneconomy.
In the last fewweekstheclubhasseena turn-down innumbers.
Synonym
downturn
anoccasionwhen someone or something is notaccepted:
Thereasonthey gave me for the turndown was that I did not have enoughexperience.
Turn-downs for theinsurancemayincludeanythingrelatedto apreviousmedicalcondition.
- He said thecompanywould beabletoweatheraneconomicturndownthankstoboomingbusinessinemergingmarkets.
- Theinsurancecompanycitesa less than 1% turndownrateforchronicallyillpatients.
- Ireceivedamysteriousvoicemailfrom them, not saying what was up. Isuspectedit was a turndown. Then theyreachedme atworktotellme I got thejob.
Price decreases
- bargain
- bear market
- bearish
- closeout
- concessional
- couponer
- couponing
- cratering
- deflate
- deflation
- depreciate
- depress
- drop off
- freeze
- knock off (something)
- marksomethingdown
- overdiscount
- post-devaluation
- projected value
- spiral
You can also find related words, phrases, and synonyms in the topics:
Economics
Refusing & rejecting