Practical Law Glossary Item 6-382-3520 (Approx. 2 pages)
Glossary
Half a Turn (.5x)
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.