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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 ?
Moody's expects bank asset quality to deteriorate further from already weak levels over a 12-18 month period driven by the ongoing real-estate crisis, a recessionary economy and record-high unemployment.
What concerns me, however, are the ways in which environmentalism is used to reinforce the current recessionary messages about self-sacrifice and deprivation in our daily lives.
But our banking system came out of this period stronger and better capitalized, learned the risks associated with asset value lending and the importance of adequate cash flows for loan repayment, and is now able to deal with the recessionary environment with less stress than was the case before.
Even so, sagging technology and manufacturing sectors have California teetering on a recessionary fault line.
During a recessionary period, you'll also hear more about cost and expense controls.
And some economists who track California say that while we have moved from recessionary recovery to economic expansion, Levy's outlook for the housing industry might be too robust.
This growth has occurred despite recessionary influences and illustrates the strong demand for the tournament.
And despite a recessionary climate in four African countries--including Botswana, Kenya and Ghana--these nations have sustained an annual gross domestic product rate of 1.
Recessionary implications: The significance of these developments in the service sector is that they are ongoing, not cyclical.
Gain a detailed understanding of changing consumer attitudes and behaviors amid the downturn in order to determine appropriate recessionary strategies
Alan Greenspan, chairman of the Federal Reserve Bank has indicated that the domestic economy is starting to positively move away from it recessionary period.
5 billion state spending plan isn't hamstrung by all the fiscal constraints that limited Sacramento during the recessionary years.