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Definitions

American Heritage® Dictionary of the English Language, Fourth Edition

  1. n. The act of withdrawing or going back.
  2. n. An extended decline in general business activity, typically two consecutive quarters of falling real gross national product.
  3. n. The withdrawal in a line or file of participants in a ceremony, especially clerics and choir members after a church service.
  4. n. Law The act of restoring possession to a former owner.

Century Dictionary and Cyclopedia

  1. n. The act of receding or going back; withdrawal; retirement, as from a position reached or from a demand made.
  2. n. The state of being put back; a position relatively withdrawn.
  3. n. A cession or granting back; retrocession: as, the recession of conquered territory to its former sovereign.

Wiktionary

  1. n. The act or an instance of receding
  2. n. A period of reduced economic activity
  3. n. The ceremonial filing out of clergy and/or choir at the end of a church service.

GNU Webster's 1913

  1. n. The act of receding or withdrawing, as from a place, a claim, or a demand.
  2. n. (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.
  3. n. A procession in which people leave a ceremony, such as at a religious service.
  4. n. The act of ceding back; restoration; repeated cession.

WordNet 3.0

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

Etymologies

  1. Recorded since 1929, from recess + -ion, from Latin recessus ("a going back, retreat"), from recessum, the past participle of recedere ("to recede"), from re- ("back") + cedere ("to go") (Wiktionary)
  2. Latin recessiō, recessiōn-, from recessus, past participle of recēdere, to recede; see recede1. (American Heritage® Dictionary of the English Language, Fourth Edition)

Examples

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Comments

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  • bilby It's all voodoo anyway. Sep 12, 2011

  • EditorMark Don't call two quarters of GDP decline a "traditional" definition of "recession." The recent convention often is rejected as simplistic. A "recession" ends when a decline hits bottom. It doesn’t mean the economy has recovered, says the National Bureau of Economic Research. The NBER defines “recession” as “significant decline in economic activity lasting more than a few months.” It runs from a peak to a trough. Sep 12, 2011

  • bilby "But because political discourse is controlled by people who put the accumulation of money above all other ends, this policy appears to be impossible. Unpleasant as it will be, it is hard to see what except an accidental recession could prevent economic growth from blowing us through Canaan and into the desert on the other side." - 'Bring on the Recession', George Monbiot, 9 Oct 2007. Dec 12, 2007

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‘recession’ has been looked up 2531 times, loved by 1 person, added to 16 lists, commented on 3 times, and has a Scrabble score of 11.