Churn
Term · Law · MLC-T-LAW-000971
The rate at which customers or employees cease their relationship with a company or organization over a given period. In a legal context, it can refer to the turnover of clients in a law firm or the frequency of trading in an investment account. High churn rates can indicate dissatisfaction or aggressive sales practices, which may lead to regulatory scrutiny.
| Identifier | MLC-T-LAW-000971 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-000971",
"term": "Churn",
"field": "Law",
"definition": "The rate at which customers or employees cease their relationship with a company or organization over a given period. In a legal context, it can refer to the turnover of clients in a law firm or the frequency of trading in an investment account. High churn rates can indicate dissatisfaction or aggressive sales practices, which may lead to regulatory scrutiny.",
"url": "https://mlchart.com/terminology/law/churn/"
}
Record 794 of 5,439 in Law terminology (MLC-0107). Request the full dataset.