AJ   Thu Sep 21, 2006 1:37 pm GMT
A payment item is a one-sided turnover on a current account, representing either a credit or a debit.

Hi, in the sentence above, what is the exact meaning of turnover?
The sentence is in the bank operation context.
Robin   Thu Sep 21, 2006 2:24 pm GMT

Turnover: is the gross income that a business receives.

So, all the Sales Receipts that a business has: ie its total income, is the turnover.

I think it would help if you gave us a little bit more information. Perhaps more of the paragraph in which the sentence appears. Sometimes the best way to find the meaning of jargon, or of a technical expression, is to actually ask someone in that line of work.

It could be, that it is not proper English, but a misuse of English, that has become an accepted practice.

Possibly in a Chinese Bank, they know exactly what they mean by a 'one-sided turnover'.