A period of reduced production and unemployment is an example of a recession.
- The erosion of a cliff or headland from a given point, as from the action of a waterfall.
- The reduction of a glacier from a point of advancement.
- The motion of celestial objects away from one another in an expanding universe.
Origin of recession
- Latin recessiō recessiōn- from recessus past participle of recēdere to recede recede1
From American Heritage Dictionary of the English Language, 5th Edition