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a. the amount of business, usually expressed in terms of gross revenue, transacted during a specified period
b. (as modifier): a turnover tax
2. the rate at which stock in trade is sold and replenished
a. the number of workers employed by a firm in a given period to replace those who have left
b. the ratio between this number and the average number of employees during the same period
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005
(cell and molecular biology)
The number of substrate molecules transformed by a single molecule of enzyme per minute, when the enzyme is operating at maximum rate.
McGraw-Hill Dictionary of Scientific & Technical Terms, 6E, Copyright © 2003 by The McGraw-Hill Companies, Inc.
attrition rateThe number of employees who retired or resigned in a given year compared with the average number of employed people. For example, if 100 people leave a department of 1,000, the attrition rate, or "turnover," is 10%. The term also applies to customers who stop subscribing to a service, which is typically called "churn rate." See attrition.
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