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recession1

[ri-sesh-uh n] /rɪˈsɛʃ ən/
noun
1.
the act of receding or withdrawing.
2.
a receding part of a wall, building, etc.
3.
a withdrawing procession, as at the end of a religious service.
4.
Economics. a period of an economic contraction, sometimes limited in scope or duration.
Compare depression (def 7).
Origin
1640-1650
1640-50; < Latin recessiōn- (stem of recessiō). See recess, -ion

recession2

[ree-sesh-uh n] /riˈsɛʃ ən/
noun
1.
a return of ownership to a former possessor.
Origin
1885-90; re- + cession
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for recession
  • In these days of recession-inspired innovation, more colleges are getting into the guarantee business.
  • In this recession, starting a business from scratch or buying a franchise has been the way out for many.
  • In general usage, the word recession connotes a marked slippage in economic activity.
  • And a country climbing out of a recession could surely use that money elsewhere.
  • New data show the global recession accomplished what other measures struggled to do: it made greenhouse gas emissions plummet.
  • Given the current recession, this interpretation is all the more credible.
  • More environmentally sustainable behavior comes despite, and in some cases perhaps because of, the prolonged economic recession.
  • Also called a recession establish: verb: to form or officially organize.
  • The economic recession has been officially over for nearly two years now.
  • The recession probably ended months ago but employment has not yet started to recover.
British Dictionary definitions for recession

recession1

/rɪˈsɛʃən/
noun
1.
a temporary depression in economic activity or prosperity
2.
the withdrawal of the clergy and choir in procession from the chancel at the conclusion of a church service
3.
the act of receding
4.
a part of a building, wall, etc, that recedes
Word Origin
C17: from Latin recessio; see recess

recession2

/riːˈsɛʃən/
noun
1.
the act of restoring possession to a former owner
Word Origin
C19: from re- + cession
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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Word Origin and History for recession
n.

1640s, "act of receding, a going back," from French récession "a going backward, a withdrawing," and directly from Latin recessionem (nominative recessio) "a going back," noun of action from past participle stem of recedere (see recede).

Sense of "temporary decline in economic activity," 1929, noun of action from recess (q.v.):

The material prosperity of the United States is too firmly based, in our opinion, for a revival in industrial activity -- even if we have to face an immediate recession of some magnitude -- to be long delayed. ["Economist," Nov. 2, 1929]
Ayto notes, "There was more than a hint of euphemism in the coining of this term."

Online Etymology Dictionary, © 2010 Douglas Harper
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recession in Medicine

recession re·ces·sion (rĭ-sěsh'ən)
n.
The withdrawal or retreating of tissue from its normal position.

The American Heritage® Stedman's Medical Dictionary
Copyright © 2002, 2001, 1995 by Houghton Mifflin Company. Published by Houghton Mifflin Company.
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recession in Culture

recession definition


A general business slump, less severe than a depression.

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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