turndown

4 definitions • 5 examples

a reduction in the amount or success of something, such as a country's economic activity:

They argued that, because there is an economic turndown, it is just the right time to move to a low-carbon economy.

In the last few weeks the club has seen a turn-down in numbers.

an occasion when someone or something is not accepted:

The reason they gave me for the turndown was that I did not have enough experience.

Turn-downs for the insurance may include anything related to a previous medical condition.

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.

a situation in which you are refused something that you apply for, such as a job or bank loan