turnover

turnover definition - business

turnover

  1. The trading volume of the market or of a particular security.
  2. The number of times that an asset is replaced during a given period. For example, an inventory turnover of five indicates that the firm's inventory has been turned into sales and has been replaced five times.
  3. Replacement of employees: A fast-food restaurant paying minimum wage suffers high turnover.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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