D defs.my
Entry 4 senses · 2 variants Webster, 1913

Recession

/(rē̇*sĕsh"ŭn)/ · Re·ces·sion · IPA /ɹɪˈsɛʃn̩/
01 n. The act of receding or withdrawing, as from a place, a claim, or a demand.
  1. 1.
    The act of receding or withdrawing, as from a place, a claim, or a demand.
    “Mercy may rejoice upon the recessions of justice.” Jer. Taylor.
  2. 2.
    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.(Economics)
  3. 3.
    A procession in which people leave a ceremony, such as at a religious service.
02 n. The act of ceding back; restoration; repeated cession; as, the recession of conquered territory to its former sovereign.
  1. 1.
    The act of ceding back; restoration; repeated cession; as, the recession of conquered territory to its former sovereign.