turndown
noun[C]
(alsoturn-down)uk/ˈtɜːn.daʊn/us/ˈtɜ˞ːn.daʊn/areductionin theamountorsuccessof something, such as a country'seconomicactivity:
Theyarguedthat, because there is aneconomicturndown, it is just therighttimetomoveto a low-carboneconomy.
In the last fewweekstheclubhasseena turn-down innumbers.
Synonym
downturn
anoccasionwhen someone or something is notaccepted:
Thereasonthey gave me for the turndown was that I did not have enoughexperience.
Turn-downs for theinsurancemayincludeanythingrelatedto apreviousmedicalcondition.
- He said thecompanywould beabletoweatheraneconomicturndownthankstoboomingbusinessinemergingmarkets.
 - Theinsurancecompanycitesa less than 1% turndownrateforchronicallyillpatients.
 - Ireceivedamysteriousvoicemailfrom them, not saying what was up. Isuspectedit was a turndown. Then theyreachedme atworktotellme I got thejob.
 
Price decreases
- bargain
 - bear market
 - bearish
 - closeout
 - concessional
 - couponer
 - couponing
 - cratering
 - deflate
 - deflation
 - depreciate
 - depress
 - drop off
 - freeze
 - knock off (something)
 - marksomethingdown
 - overdiscount
 - post-devaluation
 - projected value
 - spiral
 
You can also find related words, phrases, and synonyms in the topics:
Economics
Refusing & rejecting