down-turn—a decline, especially in economic or business activity:
- The economy has already demonstrated that it can suffer a mild downturn in manufacturing.
turn-down—
1. the turned-down part of smth.:
- I showed him the turn-down, only the turn-down, of your note.
2. said of the action of rejecting:
- I look back on that period of sour welcome and curt turn-down with feelings I cannot express.
3. (U.S.) smb. who is rejected, especially as unfit for military service:
- We’ve gotten a lot of turndowns, yeah; but we’ve gotten guys who’re willing, too.
4. = down-turn:
- How far Americans could continue running up debts during an economic turndown was not clear.