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recession (r<esl/*s<ecr/sh"<ucr/n), n. [L. recessio, fr. recedere, recessum. See Recede.] 1. The
| recession | (r<esl/*s<ecr/sh"<ucr/n), n. [L. recessio, fr. recedere, recessum. See Recede.] 1.
The act of receding or withdrawing, as from a place, a claim, or a demand. South.
[1913 Webster]
-Mercy may rejoice upon the recessions of justice. Jer. Taylor.
[1913 Webster]
2. (Economics)
A period during which economic activity, as measured by gross domestic product, declines for at least two quarters in a row in a specific country. If the decline is severe and long, such as greater than ten percent, it may be termed a depression.
[PJC]
3.
A procession in which people leave a ceremony, such as at a religious service.
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| recession | , n. [Pref. re- + cession.]
The act of ceding back; restoration; repeated cession; as, the recession of conquered territory to its former sovereign.
[1913 Webster] |
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