Definition of Turnkey

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Turnkey, also spelled as Turn Key and Turn-key, typically means “Ready to use”.

It refers to an object that is designed, supplied, built, installed, commissioned, fully complete and ready to use or operate.

Turnkey implies that the end-user just needs to ‘turn the key’ to make the object functional, operational or usable. Turnkey object could be a Real estate, house, condominium, facility, system, program, infrastructure etc.

The word turnkey most commonly used in Real Estate and Construction industry.

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