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different between recession vs bankruptcy

recession

English

Etymology

Borrowed from Latin recessi?, from rec?d? (“recede, retreat”), from re- (“back”) + c?d? (“to go”).

Pronunciation

  • IPA(key): /???s??n?/
  • Rhymes: -???n
  • Hyphenation: re?ces?sion

Noun

recession (countable and uncountable, plural recessions)

  1. The act or an instance of receding or withdrawing.
    • […] that light may break forth from the deepest enclosures of darkness, and mercy may rejoice upon the recessions of justice, and grace may triumph upon the ruin of sin, and God may be glorified in the miracles of our conversion, and the wonders of our preservation and glories of our being saved.
  2. A period of reduced economic activity
    Statisticians often define a recession as negative real GDP growth during two consecutive quarters.
  3. The ceremonial filing out of clergy and/or choir at the end of a church service.
  4. The act of ceding something back.
  5. (surgery) This term needs a definition. Please help out and add a definition, then remove the text {{rfdef}}.
    • 2011, George L. Spaeth, Helen Danesh-Meyer, Ivan Goldberg, Ophthalmic Surgery: Principles and Practice E-Book (page 467)
      Bilateral medial rectus muscle recession when angle is stable. Controversy exists regarding optimal timing of surgery. If greater than 40 prism diopter esotropia, some recommend bimedial recession with resection of one lateral rectus muscle.

Synonyms

  • (receding) withdrawal
  • (ceremonial) return procession

Antonyms

  • (period of reduced economic activity): boom

Derived terms

  • recessionary
  • recessionista

Translations

recession From the web:

  • what recession means
  • what recession stewie shirt
  • what recession happened in 2008
  • what recession did the arra end
  • what recession means for housing market
  • what recession means to me
  • what recession means for australia
  • what's recessional music

bankruptcy

English

Etymology

bankrupt +? -cy

Pronunciation

  • IPA(key): /?bæ?k??pts?/

Noun

bankruptcy (countable and uncountable, plural bankruptcies)

  1. (finance) A legally declared or recognized condition of insolvency of a person or organization.

Derived terms

  • bankr.
  • bankruptcy order
  • moral bankruptcy
  • pre-packaged bankruptcy

Related terms

  • bankrupt

See also

  • depression, economic downturn, financial crisis, insolvency, recession
  • insolvent, receivership
  • (slang) broke, bust, belly up
  • (verb) (slang) go broke, go bust, go belly up

Translations

bankruptcy From the web:

  • what bankruptcy chapter should i file
  • what bankruptcy wipes out debt
  • what bankruptcy clears all debt
  • what is chapter 7 bankruptcies
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