RECESSION • DICTIONARY ONE.COM • Definition of Recession

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/rɪsˈɛʃən/ /rˌisˈɛʃən/ Listen

noun

Recession n.

The act of receding or withdrawing, as from a place, a claim, or a demand. "Mercy may rejoice upon the recessions of justice."

(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.

A procession in which people leave a ceremony, such as at a religious service.

Recession n. The act of ceding back; restoration; repeated cession; as, the recession of conquered territory to its former sovereign.

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Etymology of 'Recession'

Collaborative International Dictionary of English 0.48

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"Recession" Quotes from Famous Books

... and crumble the more rapidly, and thus undermine the harder bands overlying them, which, by reason of their vertical fractures, break off and fall to the bottom, where they are exposed to the action of floods and are sooner or later ground up in the river's powerful maw. Hence the recession of the banks of the canon has gone steadily on with the downward cutting of the river. Where the rock is homogeneous, as it is in the inner chasm of the dark gneiss, the widening process seems to have gone ...

— Time and Change • John Burroughs

... within a peninsula, and contains about 100,000 acres of woodland—barren, but not repulsive. A neck of 450 yards broad, divides Tasman's and Forrestier's Peninsulas: there lamps are set on posts, to which fierce dogs are chained; and to close the passage by the shore, when opened by the recession of the tide, others are kennelled on a floating platform. Sentinels, guard-boats, and telegraphs, are the precautions employed to prevent escape; which few have ...

— The History of Tasmania , Volume II (of 2) • John West

... honorific expenditure will take, and as to the degree to which this "higher" need will dominate a people's consumption. In this respect the control exerted by the accepted standard of living is chiefly of a negative character; it acts almost solely to prevent recession from a scale of conspicuous expenditure that ...

— The Theory of the Leisure Class • Thorstein Veblen

... advocate the recession of the District of Columbia. If the nation were to consent to this, without having previously exercised her power to "break every yoke" of slavery in the District, the blood of those so cruelly left there in "the house of bondage," ...

— The Anti-Slavery Examiner, Omnibus • American Anti-Slavery Society

... to some of us almost heartless to deprive the Martians who still remained alive of any of the provisions which they themselves would require to tide them over the long period which must elapse before the recession of the flood should enable them to discover the sites of their ruined homes, and to find the means of sustenance. But necessity was now our only law. We learned from Aina that there must be stores of provisions ...

— Edison's Conquest of Mars • Garrett Putman Serviss

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