recession

¹re·ces·sion

noun \ri-ˈse-shən\

Definition of RECESSION

1

: the act or action of receding : withdrawal

2

: a departing procession (as of clergy and choir at the end of a church service)

3

: a period of reduced economic activity

— re·ces·sion·ary \-shə-ˌner-ē\ adjective

First Known Use of RECESSION

circa 1652

Other Economics Terms

actuary, compound interest, globalization, indemnity, portfolio, rentier, stagflation, usurer

Rhymes with RECESSION

accession, aggression, bull session, compression, concession, confession, depression, digression, discretion, egression, expression, impression, ingression, jam session, obsession, oppression, precession, procession, profession, progression, refreshen, regression, repression, secession, skull session, succession, suppression, transgression