Pronunciation: (ri-sesh'un),[key] —n. 1. the act of receding or withdrawing.
2. a receding part of a wall, building, etc.
3. a withdrawing procession, as at the end of a religious service.
4. Econ.a period of an economic contraction, sometimes limited in scope or duration. Cf. depression (def. 7).
Pronunciation: (rē-sesh'un),[key] —n. a return of ownership to a former possessor.