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RECESSION - Definiția din dicționar

Traducere: română


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Re*ces"sion (r&euptack_;*sĕsh"ŭn), n. [L. recessio, fr. recedere, recessum. See Recede.] 1. The act of receding or withdrawing, as from a place, a claim, or a demand. South.
[1913 Webster]

Mercy may rejoice upon the recessions of justice. Jer. Taylor.
[1913 Webster]

2. (Economics) A period during which economic activity, as measured by gross domestic product, declines for at least two quarters in a row in a specific country. If the decline is severe and long, such as greater than ten percent, it may be termed a depression.
[PJC]

3. A procession in which people leave a ceremony, such as at a religious service.
[PJC]

 

Re*ces"sion, n. [Pref. re- + cession.] The act of ceding back; restoration; repeated cession; as, the recession of conquered territory to its former sovereign.
[1913 Webster]