half a turn

half a turn
half a turn (.5x)
USA
Business jargon for one half of 1% (0.50%). Typically used by bankers to describe an amount of money. For example, a dollar limitation may be set at "half a turn of EBITDA"; meaning 0.50% multiplied by the amount of EBITDA.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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