churn

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churn:

see butterbutter,
dairy product obtained by churning the fat from milk until it solidifies. In most areas the milk of cows is the basis, but elsewhere that of goats, sheep, and mares has been used. Butter was known by 2000 B.C.
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Churn

The frequency with which a building’s occupants are moved, either internally or externally, including those who move but stay within an organization and those who leave a company and are replaced.
Illustrated Dictionary of Architecture Copyright © 2012, 2002, 1998 by The McGraw-Hill Companies, Inc. All rights reserved

churn rate

(1) The percentage of customers who cancel their subscription service. The term often refers to cellphone contracts.

(2) The percentage of employees who leave the company during a certain time period. See churning.
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References in periodicals archive ?
has made it clear that excessive trading is itself a suitability
objectives, excessive trading, by itself, can violate NASD suitability
According to Anderson and Winslow (1992), for an advisor to violate the fiduciary duty owed to a customer insofar as suitability or churning are concerned, specific elements must be present: 1) explicit or implicit control over the account by the advisor; 2) excessive trading; and 3) scienter, meaning reckless disregard for the investor's welfare.
Rufenacht, Bromagen & Hertz Inc.,(44) in which the Mississippi Supreme Court held that in a non-discretionary account, the broker does not have a duty to advise or warn customers to discontinue irrational or excessive trading.(45)
1990) (lack of expert testimony on excessive trading defeated plaintiffs' claim).
The investor alert told investors to look for these red flags that may indicate excessive trading:
The alert also points out that excessive trading can occur even if the overall account value increases, and that if account statements, trade confirmations, and online accounts do not disclose all fees, investors can find more information by asking their broker.
Altman set up a beneficiary IRA for the female client and conducted excessive trading, made unauthorized transactions and gave unsuitable recommendations.
Bogle also warned about excessive trading. "Resist the temptation to move money around.
Massachusetts securities regulator William Galvin on Wednesday charged a New York broker-dealer and two of its agents with "churning" the market account of an elderly business owner in the state and concealing the amount he was being charged for the excessive trading.