business definition churn
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- churn noun (CUSTOMERS) › [ S or U ] specialized also churn rate business the number of customers who decide to stop using a service offered by one company and to use another company, usually because it offers a better service or price: Internet and cable television companies suffer from a high churn rate.
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Chub (gay slang) The term chaser is used in various communities to describe an outsider who has sexual attraction to people within the community. Chub for chub (also referenced as chub4chub, Internet slang) - a chub who is sexually or emotionally attracted to other chubby men.
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What is Churn? Next to MRR, Churn is probably the most widely discussed subscription metric. Churn has no actual agreed-upon definition. In the end, you define churn in a way that works for your business and in a way that is defensible. While there are many variations of churn, churn is always a measure of attrition or loss, and it can be lost customers, contracts, MRR, GAAP revenue, contract value, or bookings.
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COURT ORDER garnishment-a court order to an employer to withhold all or part of an employee's wages and to send the money to the court or to the person who won a lawsuit against the employee.court order-a writ issued by a court of law requiring a person to do something or to refrain from doing something.arnishment-a court order to an employer to withhold all or part of an employee's wages and to send the money to the court or to the person who won a lawsuit against the employee.
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Credit Card Glossary: Terms and Definitions Garnishment is a court-ordered technique of debt collection in which a debtor's paycheck or other income is taken and paid to a creditor or a court until a debt is paid in full. In the case of wage garnishment, the court may order a series of payments deducted by a set amount from a debtor's paycheck.
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- Domestic ice cream and sorbet makers use a rotating central churn. Some commercial ice cream makers use a motor to rotate the canister. Custard is churned until it makes ice cream. An ice cream maker has three main parts that work together to form custard. Dried vanilla beans.
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churn rate YES NO 10 people found this helpful. “ The churn rate for our company was very low in 2014, thefore we have retained many customers that have stayed loyal and renewed their conrtacts. ”.
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bairn A young bairn, or child, running. The definition of bairn is the Scottish term for a child. An example of a bairn is a reference in a book when a Scottish character says they “have a dozen bairns,” which means a dozen children. bairn. bairn.
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churn 1 An example of to churn is for one artist to create five large works of art per week. 2  a container or contrivance in which milk or cream is beaten, stirred, or shaken to form butter. ⌂  the occurrence, ratio, or amount of turnover of investments, customers, commodities, etc.
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Churn reduction in the telecom industry Wireless companies today measure voluntary churn by a monthly figure, such as 1.9 percent or 2.1 percent. This is the average number of customers who quit their service per month.Annual churn rates for telecommunications companies average between 10 percent and 67 percent.Industry retention surveys have shown that while price and product are important, most people leave any service because of dissatisfaction with the way they are treated.ireless companies today measure voluntary churn by a monthly figure, such as 1.9 percent or 2.1 percent. This is the average number of customers who quit their service per month.
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- BREAKING DOWN 'Churn Rate'. For example, if 1 out of every 20 subscribers to a high-speed Internet connection discontinued his or her connection every year, the churn rate for that Internet provider would be 5%.Churn rate is an important consideration in the telephone and cell phone services industry.iquidity. For example, if 1 out of every 20 subscribers to a high-speed Internet connection discontinued his or her connection every year, the churn rate for that Internet provider would be 5%.
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What is 'Churn Rate' What is 'Churn Rate' The churn rate, also known as the rate of attrition, is the percentage of subscribers to a service who discontinue their subscriptions to that service within a given time period. For a company to expand its clientele, its growth rate, as measured by the number of new customers, must exceed its churn rate.
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- Define chute. chute synonyms, chute pronunciation, chute translation, English dictionary definition of chute. n. 1. a. An inclined trough, passage, or channel through or down which things may pass. b. A narrow, usually fenced passage for horses or cattle. c.
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What is Customer Churn? Causes of Customer Churn. There are a multitude of issues that can lead customers to leave a business, but there are a few that are considered to be the leading causes of customer churn. The first is poor customer service. One study found that nearly nine out
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- The result is a dramatic reduction in customer churn and growth in revenue. Activate the voice of your customers, start turning Detractors into Promoters and lower your customer churn by up to 50%, saving you per year.
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- garnish verb [T]. › to take ​part of the ​income or ​property of someone who ​owes a ​debt and give it to a ​court in ​order to ​pay the ​debt: After his ​house and ​car were taken, and ​wages garnished, he was ​forced to ​move in with his ​parents.
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Overview: What Is Customer Service? Customer service can have a big impact on your bottom line. It’s often said that it’s cheaper to keep existing customers than to find new ones. (Some even estimate that acquiring customers costs 6-7x more.) And it’s true: bad customer service is a key driver of churn.
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- Churn Impact. Churn is a growth decelerator. Here's an example to help you think through the impact of your churn rate today on your business over the next five years: Let's say that today you have monthly recurring revenue of $15,000, and that every month you add another $2,000 to that. However, you have a churn rate of 3%.
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- Regardless of how you choose to represent churn, tracking your churn rate is essential to success. It's almost always cheaper and easier to retain customers than it is to go through the process of acquiring new ones.
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- Full Definition of CHURN. transitive verb. 1. : to agitate (milk or cream) in a churn in order to make butter. 2. b: to make (as foam) by so doing. 3. : to make (the account of a client) excessively active by frequent purchases and sales primarily in order to generate commissions.intransitive verb.ull Definition of CHURN. transitive verb. 1. : to agitate (milk or cream) in a churn in order to make butter. 2. b: to make (as foam) by so doing. 3. : to make (the account of a client) excessively active by frequent purchases and sales primarily in order to generate commissions.
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- DEFINITION of 'Net Receivables'. The total money owed to a company by its customers, minus the money owed that will likely never be paid. Net receivables are often expressed as a percentage; the higher the percentage, the more money a company is able to collect from its customers and the better off the company is. Next Up.
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- Definition: A company's total earnings, also called net profit or the “bottom line.” Net income is calculated by subtracting totally expenses from total revenues. Definition: An owner’s equity is typically explained in terms of the percentage amount of stock a person has ownership interest in the company.
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What is an Attrition Rate? An attrition rate, also known as a churn rate, can be a measure of two things. It can be a measure of how many customers leave over a certain period of time or how many employees leave over a certain period of time. It can also be a combination of these two factors.
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churn (agitation or turnover) In a business context, it generally refers to customer or employee turnover, and especially attrition. The rate of attrition, known as the churn rate, is an important business metric.
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business The definition of business is an occupation or trade and the purchase and sale of products or services to make a profit. An example of business is farming. An example of business is a house sale.
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Structuring Structuring , also known as smurfing in banking industry jargon , is the practice of executing financial transactions ( such as the making of bank deposits ) in a specific pattern calculated to avoid the creation of certain records and reports required by law , such as the United States ' Bank Secrecy Act ( BSA ) and Internal Revenue Code section ...