n. The act of receding or withdrawing, as from a place, a claim, or a demand.n. 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.n. A procession in which people leave a ceremony, such as at a religious service.n. The act of ceding back; restoration; repeated cession.