recession Meaning, Definition & Usage

  1. noun the state of the economy declines; a widespread decline in the GDP and employment and trade lasting from six months to a year
  2. noun a small concavity
    corner; niche; recess.
  3. noun the withdrawal of the clergy and choir from the chancel to the vestry at the end of a church service
    recessional.
  4. noun the act of ceding back
    ceding back.
  5. noun the act of becoming more distant
    receding.

WordNet

Re*ces"sion noun
Etymology
L. recessio, fr. recedere, recessum. See Recede.
Definitions
  1. The act of receding or withdrawing, as from a place, a claim, or a demand. South.
    Mercy may rejoice upon the recessions of justice. Jer. Taylor.
Re*ces"sion noun
Etymology
Pref. re- + cession.
Definitions
  1. The act of ceding back; restoration; repeated cession; as, the recession of conquered territory to its former sovereign.

Webster 1913