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Definition of recession:

  1. The act of ceding back; restoration; repeated cession; as, the recession of conquered territory to its former sovereign.
  2. The act of receding or withdrawing, as from a place, a claim, or a demand.

Synonyms:

inlet, rich, box, ecological niche, depression, time out, corner, quoin, reversal, respite, withdrawal, fadeout, turning point, nook, break, niche, ceding back, recess, collapse, bankruptcy, receding, recessional, slowdown, deferral, street corner, slump.

Usage examples: