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Securities bought and sold for settlement on the same day. Also describes a firm that has been performing poorly, but changes its financial course and improves its performance.


1. A change in a security's price trend, especially from a downtrend to an uptrend. See also: Reversal.

2. A change in a company's situation from one of losses or low profitability to one with higher profits.

3. To buy a security, then to sell in the same trading day. See also: Day trader.


1. The process of moving from a period of losses or low profitability into a more profitable stage. A turnaround may be triggered by a number of factors including a better use of assets or the development of new products and services.
2. A security that is in the process of reversing a declining price trend.
3. The purchase and sale of a security on the same day.
References in periodicals archive ?
In essence, the research question was whether these theorized strategies were in fact implemented by successful turnaround firms.
Collard is a Certified Turnaround Professional (CTP), and a Certified International Turnaround Manager (CITM), who brings 35 years senior operating leadership, $85M asset and investment recovery, 45+ transactions worth $780M+, and $80M fund management expertise to run troubled companies, serve on boards, advise company boards, litigators, institutional and private equity investors, and raise capital.
Find resources that can help management advocate the turnaround plan to the world and act as an "'honest broker," eliciting the cooperation of private equity sponsors and lenders simultaneously.
Hays III, CTP, is a past chairman of the Turnaround Management Association and currently vice president of the Association of Certified Turnaround Professionals.
It is the objective of the Turnaround Management Society to bring together the knowledge of turnaround management academics and the experience of turnaround management professionals.
The turnaround team needs to determine whether the accounting and reporting system produces the necessary data to produce management reports needed to run the business, and if it accurately captures all the transactions entered into by the company and lists all of its assets and liabilities.
Both academics as well as practicing managers may find this book useful and practical, primarily because it draws on the author's own experience as a turnaround CEO at HMV and turnaround consultant to many other companies to expand on four key components of a turnaround framework--asset utilization, cost management, renewal and rethinking business model.
Buntrock observes, "One of the things we know about successful turnarounds is that it's important to get some quick, visible and dramatic wins right away.
RDS was formed by assembling a team of experienced turnaround specialists from many disciplines, specifically to address the growing need for these services in increasingly competitive and shifting markets around the country.