Meaning of recession
Pronunciation: (ri-sesh'un), [key]
- the act of receding or withdrawing.
- a receding part of a wall, building, etc.
- a withdrawing procession, as at the end of a religious service.
- a period of an economic contraction, sometimes limited in scope or duration. Cf.(def. 7).
Pronunciation: (rē-sesh'un), [key]
- a return of ownership to a former possessor.
- recession (Thesaurus)