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RECESSION. A re-grant: the act of returning the title of a country to a government which formerly held it, by one which has it at the time; as the recession of Louisiana, which took place by the treaty between France and Spain, of October 1, 1800. See 2 White's Coll. 516.

References in periodicals archive ?
The Government must cut the rhetoric and put credible plans in place now to address the long-term issue before these difficult times becomes a real economic crisis.
All Americans need to realize that the real economic crisis is still ahead and it will come as a result of Bernanke's dangerous and destructive actions.
While the economic miracle that is the UAE is far from dead, the very real economic crisis in which the country finds itself has thrust upon it a set of challenges that will require courage and ingenuity to overcome.