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turnaround

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Turnaround means a change in direction, the time spent to implement a product or service or a place where a vehicle can be turned to go back in the other direction. (noun)

An example of turnaround is a change from being a failing student to an honor role student.
An example of turnaround is the time between receiving materials and producing new products.
An example of turnaround is a place for U-turns on a parkway.

See turnaround in Webster's New World College Dictionary