recession 1
/ri sesh"euhn/ , n.
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. Econ. a period of an economic contraction, sometimes limited in scope or duration. Cf. depression (def. 7).
[ 1640-50; recession- (s. of recessio ). See RECESS, -ION ]
recession 2
/ree sesh"euhn/ , n.
a return of ownership to a former possessor.
[ 1885-90; RE- + CESSION ]