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turnkey¹ Definition

turn·key (tʉrn′kē′)

noun pl. -·keys′

a person in charge of the keys of a prison; warder; jailer

turnkey² Definition

☆ turn·key (-kē′)

adjective

designating, of, or by a method of construction, installation, etc. whereby the contractor, installer, etc. assumes total responsibility from design through completion of the project

Etymology: because the new owner of a housing-project unit so constructed need only turn the door key to take occupancy

turnkey Finance Definition

A business, such as a franchise, that is created by the seller and sold to the buyer who can “turn the key” and begin work without any other preparation. Often project construction or computer installation are services provided by turnkey businesses.

turnkey Usage Examples

Converse of object

  • manage: They pride themselves in their ability to implement and project manage turnkey Control Systems utilizing the latest in PLC & SCADA technologies.
  • offer: Controlotron offers an all-inclusive, single vendor turnkey Leak Detection solution.
  • provide: C & A also has dedicated teams of loop installers so the company can provide a turnkey, loop based, data collection system.
  • base: Read more... Own A Home Worldwide full or part-time, home based turnkey international property opportunity.

Adjective modifier

  • complete: Sequence provided Technology Wales with a complete turnkey streaming solution for both the ' live ' event and archived storage thereafter.
  • full: As an S60 Boutique and Symbian Independent Design House, Elektrobit offers full turnkey 3G products for OEMs.

Modifies a noun

  • solution: Get a turnkey solution from a leading telecom vendor.
  • licensing: Is a leading provides turnkey licensing a fixture on.
  • package: We also offer a turnkey package service to our customers.
  • installation: CitySync's offering includes a comprehensive product range covering the transmission and receiving hardware, site survey and turnkey installation.
  • contract: In the early 1990's we were awarded our first turnkey contract with the Ministry of Defense at Aldermarston.
  • platform: Michael Wolf, research director at ABI, said that BBV ASPs offer white-label turnkey video platforms to customers.

Noun used with modifier

  • price: We take away the risk, with a fixed price turnkey solution.
  • lump: Projects are undertaken on a global basis and are always lump sum turnkey.
  • sum: Projects are undertaken on a global basis and are always lump sum turnkey.