correction

noun
cor·rec·tion | \kə-ˈrek-shən \

Definition of correction 

1 : the action or an instance of correcting: such as

a : amendment, rectification

b : rebuke, punishment

c : a bringing into conformity with a standard

d : neutralization, counteraction correction of acidity

2 : a decline in market price or business activity following and counteracting a rise

3a : something substituted in place of what is wrong marking corrections on the students' papers

b : a quantity applied by way of correcting (as for adjustment of an instrument)

4 : the treatment and rehabilitation of offenders through a program involving penal custody, parole, and probation also : the administration of such treatment as a matter of public policy usually used in plural

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Other Words from correction

correctional \kə-ˈrek-shnəl, -shə-nᵊl \ adjective

Examples of correction in a Sentence

The teacher marked corrections on his students' tests. Please make corrections before handing in your compositions. the correction of your mistakes people in need of vision correction
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Recent Examples on the Web

The column was still on The Spectator’s website Friday evening without any correction or retraction note. New York Times, "Did Harvey Weinstein Admit to Trading Movie Roles for Sex?," 13 July 2018 However, the correction to users’ follower lists excludes spam bots, which Gadde said Twitter’s technology was getting better at identifying and quickly shutting down. Alyssa Newcomb /, NBC News, "Twitter begins purging millions of users from follower counts," 11 July 2018 The work also will include intermittent sidewalk and curb and gutter replacement, surface drainage correction, sewer structure repairs as required and parkway restoration. Hank Beckman, chicagotribune.com, "La Grange approves road resurfacing to begin this summer," 10 July 2018 Jaime Ruiz, a 54-year-old corrections officer who lives nearby, said Monday’s storm was disrupting efforts to rebuild his home that was heavily damaged by Maria. Danica Coto, The Seattle Times, "Power outages, flooding hits Puerto Rico, USVI amid storms," 9 July 2018 Smiley, who possesses a slight British accent and a stunning resemblance to former NFL quarterback Warren Moon, is there for each step, calling out corrections and encouragement in equal measure. Jon Tayler, SI.com, "Million Dollar Moves: After His Unlikely Baseball Career Flamed Out, Rinku Singh's Next Stop Is WWE," 3 July 2018 An Alabama corrections officer has been indicted on charges of rape in metro Atlanta. Ben Brasch, ajc, "Alabama jailer accused of raping Cobb, Fulton women has been indicted," 30 June 2018 If bitcoin’s new price is realistic, reflecting a more accurate assessment of its fundamental value, then perhaps this year’s correction could put bitcoin on track for more mainstream adoption. Maya Kosoff, The Hive, "Has Bitcoin Entered the Doom Loop?," 29 June 2018 Marion Superior Judge Lisa Borges on Wednesday also ordered Larry Jo Thomas, 22, to serve another three years in community corrections for gunning down Rito Llamas-Juarez in an apartment complex on Indianapolis' northeast side in February 2016. Vic Ryckaert, Indianapolis Star, "Indianapolis man gets 55 years in prison in slaying set up via Offer Up app," 29 June 2018

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'correction.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of correction

14th century, in the meaning defined at sense 1

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Last Updated

13 Oct 2018

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Time Traveler for correction

The first known use of correction was in the 14th century

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More Definitions for correction

correction

noun

Financial Definition of correction

What It Is

A correction refers to a price decline of at least 10% of any security or market index after a temporary increase in market prices.

How It Works

The stock market's value is always rising and falling. Sometimes, the market will experience short-term gains when nothing has really changed. These increases in value are usually caused by mass optimism on the part of investors anticipating gains. As more investors buy into the trend, the price increases. Once the price is high enough, buying slows, and some investors begin to sell to lock in their gains. This decrease in price, following a short-term increase, is called a correction.

For example, suppose there is a stock XYZ that is currently valued at $80. Anticipating gains, investors continue to purchase XYZ, and the price of the stock goes up to $100 over the next month. At the end of this month, some investors stop buying the stock at the higher price, and others start selling the stock to lock in their gains. Consequently, the market readjusts and the price of XYZ stock falls to $90 per share. Therefore, XYZ stock has experienced a correction of roughly 10%.

Why It Matters

Corrections are usually tracked once an upswing in market prices has come and gone. A correction in a stock's price following an upswing is indicative of a stock's true market value and may not indicate a loss in value so much as a market's return to stability.

Corrections are a big part of technical analysis. Many investors use indicators to try to determine when the correction will begin and end so that they can buy when prices are lower.

Source: Investing Answers

correction

noun

English Language Learners Definition of correction

: a change that makes something right, true, accurate, etc.

: the act of making something (such as an error or a bad condition) accurate or better : the act of correcting something

: the act or process of punishing and changing the behavior of people who have committed crimes ( US )

correction

noun
cor·rec·tion | \kə-ˈrek-shən \

Kids Definition of correction

1 : the act of making something agree with what is right or standard correction of vision

2 : a change that makes something right I read the teacher's corrections on my paper.

Other Words from correction

correctional \-shə-nᵊl \ adjective

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correction

noun
cor·rec·tion | \kə-ˈrek-shən \

Medical Definition of correction 

: the action or an instance of correcting or neutralizing a harmful or undesirable condition correction of acidity correction of visual defects with glasses

correction

noun
cor·rec·tion

Legal Definition of correction 

1 : a decline in market price or business activity following and counteracting a rise

2 : the treatment and rehabilitation of offenders through a program involving penal custody, parole, and probation often used in pl.

Other Words from correction

correctional adjective

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Comments on correction

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to reject or criticize sharply

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