Turnaround

1. Corporate insolvency.

A process in which a firm facing financial difficulties - or potential insolvency - is returned to acceptable financial health while minimising losses for the distressed firm's creditors.

2.

Any substantial change, especially an unexpected positive change.

3. Operations.

The time taken to process and complete a task.

See also

• Cash in the new post-crisis world
• Credit rating
• Financial distress
• Insolvency
• L-shaped recovery
• Living will
• R&R
• Recession
• Recovery
• Recovery plan
• Resolution
• RRP
• U-shaped recovery
• V-shaped recovery
• W-shaped recovery