Recession

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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.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
Acutely aware of the vulnerability of some African states to external shocks, the Bank swiftly convened a meeting of African finance ministers and central bank governors to assess the impact of the real economic crisis and swung into action.
Today we are faced with a real economic crisis that is leading us towards a social recession.
"In Cyprus, for better or worse we have never experienced a real economic crisis," said Stavrakis "As long as things are ticking along there is no real incentive to implement radical changes."