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    Definition of turnkey

    Dictionary of Business Terms: turnkey
    turnkey

    any project constructed or manufactured by a company where the company ultimately turns it over in finished form to the client that will use it, so that all the user has to do is turn the key, so to speak, and the project is underway. The term is used of housing projects, computer systems, utility plants, and other projects.

    Dictionary of Finance and Investment Terms: turnkey
    turnkey

    any project constructed or manufactured by a company that ultimately turns it over in finished form to the company that will use it, so that all the user has to do is turn the key, so to speak, and the project is underway. The term is used of housing projects that, after construction, are turned over to property managers. There are also turnkey computer systems, for which the user needs no special computer knowledge and which can therefore be put right to work once they are installed.

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