what does turnkey mean

ClassDojo is an educational technology communication app offering free, Getting this level of equipment, once custom, is now, In December, the agency plans to hold a virtual meeting for 37 new, The 2015 legislation was supposed to be the gateway for companies like DMC (DeLoreans), Caterham (Lotus Sevens), Factory Five (Shelby Cobras), and Superformance (more Cobras) to offer actual, Post the Definition of turnkey to Facebook, Share the Definition of turnkey on Twitter. An example typically used is in a… Many Banks have taken back homes and rehabbed them and put them on the market. ADVFN's comprehensive investing glossary. This is contrasted with build to order, where the constructor builds an item to the buyer's exact specifications, or when an incomplete product is sold with the assumption that the buyer would complete it. This means that all appliances are in working condition and there are no obvious structural or electrical issues with the home. They are usually developed by OEMs (original equipment manufacturers) who buy a computer from … Please tell us where you read or heard it (including the quote, if possible). It refers to an object that is designed, supplied, built, installed, commissioned, fully complete and ready to use or operate. The turnkey withdrew to a discreet distance, where he remained within call, yet beyond the range of ordinary conversation. Breathless, exhausted, the free baron marked the conflict now transferred to the turnkey and the jester. While a property is considered furnished when there is furniture included. v. 1/2. Learn a new word every day. Silently the turnkey passes the cell, like a flitting mystery casting its shadow athwart a troubled soul. He had not many visitors, and his only attendant was a prisoner, who was appointed for that purpose by the turnkey. My grandmother ________ a wall full of antique cuckoo clocks. Send us feedback. Most often a turn key home just means that it has been fully and newly renovated. “Turnkey.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/turnkey. As a result, the construction company is held responsible for exceeding the budget. What does turnkey mean? It means leaving the hard work up to the professionals and watching the income roll in. What does "turnkey" really mean? A turnkey, a turnkey project, or a turnkey operation (also spelled turn-key) is a type of project that is constructed so that it can be sold to any buyer as a completed product. How to use turnkey in a sentence. Disputes occasionally arise out of the differences between a property listed as “turnkey” and a property listed as “furnished”. This is because Shopify acted as a cheap, turnkey solution that brands could add their own personalizations to and share in an open market, making it a great solution for marketers new to online sales. Learn more. The term “turnkey” is commonly used in real estate to describe homes that are ready for you to move in. Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012. of, relating to, or resulting from an arrangement under which a private contractor designs and constructs a project, building, etc., for sale when completely ready for occupancy or operation: fully equipped; ready to go into operation: a keeper of the keys, esp in a prison; warder or jailer, denoting a project, as in civil engineering, in which a single contractor has responsibility for the complete job from the start to the time of installation or occupancy, ‘E-commerce is expensive’: How invisible technology and infrastructure overhauls will save retail, The Chronicles of Crime or The New Newgate Calendar. Ensure your new suburb is properly planned and infrastructure … This means that all appliances are in working condition and there are no obvious structural or electrical issues with the home. It means experiencing the perks of real estate without a lot of the tedious behind the scenes work and details required with other investment strategies. As several have relayed here Turn Key is a Realtor phrase which is supposed to mean the home is clean and ready to move in with little or no repairs needed. Turnkey, also spelled as Turn Key and Turn-key, typically means “Ready to use”. Based on the Random House Unabridged Dictionary, © Random House, Inc. 2021, Collins English Dictionary - Complete & Unabridged 2012 Digital Edition A tenant should always inquire to what furnishings and creature comforts of home are included in the property and never assume “turn-key” means it has everything they need. “Turnkey” is a term often heard when renting a commercial space, but what does it really mean? For some listings, it means that there are no major repairs required. Etymology: From turn + key. In some circumstances, the term turnkey is used to describe a newly renovated property that doesn’t even need a fresh coat of paint, while other times, the word can refer to a home that is fully furnished, too. Turnkey means that the project manager will only have to turn a key to have the business or project up and running. Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free! Turnkey definition is - built, supplied, or installed complete and ready to operate; also : of or relating to a turnkey building or installation. complete with linens, dishes and silverware. Turnkey contract. Turnkey systems include all the hardware and software necessary for the particular application. What Is The Difference Between “It’s” And “Its”? In practice, it’s not quite so simple. However, this doesn't mean that an inspection is unnecessary if you decide to make an offer on a home marketed in turn-key condition. Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Choose the right area for you. Money word definitions on nearly any aspect of the market. Test your knowledge - and maybe learn something along the way. turnkey (Adjective) ready to use without further assembly or test; supplied in a state that is ready to turn on and operate (typically refers to an assembly that is outsourced for manufacture) They wanted a turnkey solution for the entire system, but we could only provide the enclosure. Turnkey definition, a person who has charge of the keys of a prison; jailer. If you’re in the market for a new home (and if you’re first home buyer, it’s an absolute no brainer to be building new right now ) you’ve probably seen the word ‘turnkey’ plastered absolutely everywhere. A turnkey property is a move-in ready home that doesn’t require any major repairs or improvements before it is livable. Let’s find out with this quiz! Stock market dictionary. “Turn-Key” does not necessarily include a variety of items… for instance, site improvements: space, additions, HVAC upgrades/changes, Power, shielding/lead lining, etc. The term "turnkey" is based on the concept of only needing to turn the key to unlock the doors to begin operations. turnkey: 1) Turnkey is a product or service that is designed, supplied, built, or installed fully complete and ready to operate. These example sentences are selected automatically from various online news sources to reflect current usage of the word 'turnkey.' They can expect a turnkey project to be returned to them and fully operable when they are ready. 1. someone who guards prisoners Familiarity information: TURNKEY used as a noun is very rare. Turn-key is a term used by real estate agents to indicate that a home is move-in ready. Do you have the grammar chops to know when to use “have” or “has”? "Wery probable," says the turnkey, smoking his pipe wery fierce, and making believe he warn't up to wot the little man wanted. Some new home builders advertise ‘turnkey’ pricing, while others simply advertise a price for the build itself. Why Do “Left” And “Right” Mean Liberal And Conservative? turnkey contract definition: a contract in which a company is given full responsibility to plan and build something that the…. a turnkey operation/solution/system Implementing a turnkey solution for a dot.com takes around 12 weeks. Turn-key is a term used by listing agents in marketing remarks to indicate that the home is move-in ready. © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins At its most basic level, this refers to a place that is ready for you to move in, with no need to make big repairs or improvements. See the full definition for turnkey in the English Language Learners Dictionary, Britannica English: Translation of turnkey for Arabic Speakers. A turn key home is essentially what it sounds like, a home where you can turn your key in the lock and move right in. Like so many other real estate terms (ahem, “mint condition” and “cozy”), turnkey is relative. Turn-key job definition is - a job or contract in which the contractor agrees to complete the work of building and installation to the point of readiness for operation or occupancy. Turn key homes are renovated before they’re put up for sale, usually by companies that specialize in real estate restoration. A turnkey commercial space may be your solution. The project manager or client will only have to do very minimal work. The term implies that the end user just has to turn a key and start using the product or service. A turnkey property is a fully renovated home or apartment building that an investor can purchase and immediately rent out. Although not every project has a literal key, it is figurative. Typically a property is considered “turnkey” when it is move-in ready, i.e. A Full Turnkey home is pretty much what it sounds like – a home where all that’s left for you to do is turn the key and move in. How To Avoid Problems With a Turnkey Property. However, the term turnkey property may let you down. “Affect” vs. “Effect”: Use The Correct Word Every Time. A turnkey business is a business that is ready to use, existing in a condition that allows for immediate operation. A turnkey home has everything that you want or need included in the initial building process and the price you pay for a new home. One item I usually ask each landlord about is the blow dryer. Turnkey construction contracts reduce the risk to the buyer of the construction services and provide an incentive for the company to stay within budget. Delivered to your inbox! Well… that is what it is supposed to mean. A computer system that has been customized for a particular application.The term derives from the idea that the end user can just turn a key and the system is ready to go. What is the meaning of turnkey contract? The benefits of a turnkey home 1. Accessed 22 Feb. 2021. A construction contract in which the price is fixed at the time the contract is signed. 'All Intensive Purposes' or 'All Intents and Purposes'? I work with many buyers and these homes are the most desireable. 'Nip it in the butt' or 'Nip it in the bud'. An agreement under which a builder agrees to complete a facility so that it is ready for use when delivered to the other contracting party. One of the most common types of turnkey businesses is a franchise. The phrase "turnkey" is meant to imply that little work is required by the buyer other than opening the door to customers and offering good customer service. In theory, “turnkey” means that you should be able to just “turn the key” and move right in. How Does a Turnkey Business Work? A turnkey listing, regarding commercial real estate, is a commercial space that is mostly or wholly prepared for occupancy. What made you want to look up turnkey? The problem with the word “turn-key” is that it can mean different things to different people. turnkey - definition of turnkey. (Definition of turnkey from the Cambridge Business English Dictionary … Turnkey impliesRead More What Is a Turnkey Property? Dictionary.com Unabridged The Most Surprisingly Serendipitous Words Of The Day, The Dictionary.com Word Of The Year For 2020 Is ….

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