turndown

[turn-doun]
adjective
1.
that is or may be turned down; folded or doubled down: a turndown collar.
noun
2.
an act or instance of being refused or rejected: He got turndowns from all the better colleges.

Origin:
1830–40; from verb phrase turn down

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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WordNet
turndown

noun
the act of refusing an offer; "the turndown was polite but very firm" [syn: nonacceptance
WordNet® 3.0, © 2006 by Princeton University.
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Example sentences
Grant applications for which one has received a definite turndown should not be
  listed at all.
Amenities include a concierge and twice-daily maid service with turndown.
There is alleged turndown service at night, but that can be spotty.
From the lounge chairs on the pristine beach to the turndown service at night,
  everything here is done impeccably.
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