Measures trading activity during a particular period. Portfolios with high turnover rates incur higher transaction costs and are more likely to distribute capital gains, which are taxable to nonretirement accounts. Found on http://www.duke.edu/~charvey/Classes/wpg/bfglost.htm
The fraction of the total amount of mass (e.g., carbon) in a given pool or reservoir that is released from or that enters the pool in a given length of time. The turnover rate of carbon is often expressed as GtC/year. Found on https://www.encyclo.co.uk/local/20128