Definition of correction
1 : the action or an instance of correcting: such asa : amendment, rectificationb : rebuke, punishmentc : a bringing into conformity with a standardd : 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' papersb : 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
correctionalplay \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
Recent Examples of correction from the Web
This problem can be addressed with flexible encoding methods and improvements in error-correction, the study stated.
The network nurtured the reality star’s campaign in its infancy, broadcasting entire stump speeches, uninterrupted by correction or commentary.
PM - Tully, Jeff Requested size: Actual size: 119 lin - 16.47i Category: Contextual use: Normal Description: Correction: Usages of this branch: TNBroadsheet .NoDate, BLR/1 - Local, BLR_SPORTS All usages:
No such link was ever found, and the paper issued a correction the day after the editorial was published.
Should there be another correction these home buyers will have negative equity.
For those who believe the government is too involved in health care, the Senate bill stands as an overdue course correction.
Rainey, who suffered from mental illness, was locked in a hot shower by corrections officers, who left him there for 90 minutes.
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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.
First Known Use of correction
Financial Definition of CORRECTION
What It Is
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.
CORRECTION Defined for English Language Learners
Definition of correction for English Language Learners
: 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 Defined for Kids
Definition of correction for Students
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.
3 : punishment 1
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 plural
Seen and Heard
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