Definition of 'recession'

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1. (noun) recession the state of the economy declines; a widespread decline in the GDP and employment and trade lasting from six months to a year 2. (noun) recess, recession, niche, corner a small concavity 3. (noun) recession, recessional the withdrawal of the clergy and choir from the chancel to the vestry at the end of a church service 4. (noun) recession, ceding back the act of ceding back 5. (noun) receding, recession the act of becoming more distant
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"recession." Definitions.net. STANDS4 LLC, 2008. 23 November. 2008. http://www.definitions.net/definition/recession