1. The act of ceding back; SYN. ceding back.
2. The state of the economy declines; a widespread decline in the gdp and employment and trade lasting from six months to a year.
In economics, a fall in business activity lasting more than a few months, causing stagnation in a country's output.
The average decline has been about 10% although some recessions, such as 1981–82, can be longer and more severe. + prikaži više

ETYM Latin rescissio: cf. French rescission. Related to Rescind.
Cancellation of a contract and the return of the parties to the positions they would have had if the contract had not been made; SYN. recission, rescinding.
An act of rescinding.

ETYM French résignation. Related to Resign.
1. A formal document giving notice of one's intention to resign.
2. Acceptance of despair; SYN. surrender.
3. The act of resigning.

ETYM Cf. French retirement.
1. The state of being retired from one's business or occupation.
2. Withdrawal for prayer and study and meditation; SYN. retreat.
3. Withdrawal from one's position or occupation.