correction

cor·rec·tion

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noun

The definition of a correction is a change that fixes a mistake, or a punishment to correct a fault.

An example of a correction is changing the answer of 2 + 2 from 5 to 4.
An example of a correction is sending someone to jail for stealing.

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"correction." YourDictionary, n.d. Web. 14 February 2019. <https://www.yourdictionary.com/Correction>.

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correction. (n.d.). Retrieved February 14th, 2019, from https://www.yourdictionary.com/Correction

correction

a correcting or being corrected
a change that corrects a mistake; change from wrong to right, or from abnormal to normal; emendation; rectification
the amount of change made in correcting
1. punishment or scolding to correct faults
2. [usually pl.] punishment and rehabilitation within a prison system
Finance a sudden, usually short-term decline, as in the stock market, following a rapid or dramatic rise in prices

Origin of correction

Middle English correccion from Old French correction from Classical Latin correctio

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"correction." YourDictionary, n.d. Web. 14 February 2019. <https://www.yourdictionary.com/Correction>.

APA Style

correction. (n.d.). Retrieved February 14th, 2019, from https://www.yourdictionary.com/Correction

correction

noun

The act or process of correcting.
Something offered or substituted for a mistake or fault: made corrections in the report.
a. Punishment intended to rehabilitate or improve.
b. often corrections The treatment of offenders through a system of penal incarceration, rehabilitation, parole, and probation, or the administrative system by which these are effectuated.
An amount or quantity added or subtracted in order to correct.
A temporary decline in stock-market activity or prices following a period of increases.

THE AMERICAN HERITAGE® DICTIONARY OF THE ENGLISH LANGUAGE, FIFTH EDITION by the Editors of the American Heritage Dictionaries. Copyright © 2016, 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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MLA Style

"correction." YourDictionary, n.d. Web. 14 February 2019. <https://www.yourdictionary.com/Correction>.

APA Style

correction. (n.d.). Retrieved February 14th, 2019, from https://www.yourdictionary.com/Correction

Noun

(plural corrections)

The act of correcting.
A substitution for an error or mistake.
Punishment that is intended to rehabilitate an offender.
An amount or quantity of something added or subtracted so as to correct.
A decline in a stock market price after a large rise.

Origin

From Old French correccion (French correction), from Latin corrēctiō.

English Wiktionary. Available under CC-BY-SA license.

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MLA Style

"correction." YourDictionary, n.d. Web. 14 February 2019. <https://www.yourdictionary.com/Correction>.

APA Style

correction. (n.d.). Retrieved February 14th, 2019, from https://www.yourdictionary.com/Correction

correction - Investment & Finance Definition

The movement of a stock or market to lower levels (often 10 percent or more) after the market or stock has been at unrealistically high levels. Gains from the too-high period are erased. Although a market may correct, it doesn’t necessarily mean that the long-term upward trend is broken. While the term is usually applied to falling markets, it is possible to have an upward correction that breaks a downward trend. In technical analysis, a correction is a short-term movement, either up or down, that is contrary to the dominant price trend.

However, correction often is used in a more generic sense to refer to a market that has fallen, regardless of the principles of technical analysis.