correction

noun
cor·​rec·​tion | \ kə-ˈrek-shən How to pronounce correction (audio) \

Definition of correction

1 : the action or an instance of correcting: such as
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 How to pronounce correctional (audio) , -​shə-​nᵊl \ adjective

Synonyms for correction

Synonyms

amendment, emendation

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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 retailer believes this is a natural course correction that happens in new markets. Manavi Kapur, Quartz India, "Miniso wants to make in India and sell to the world," 14 Aug. 2019 But the public backlash appears to have forced his government to do some quick course correction. Gabriel Diaz Montemayor, The Conversation, "Mexico wants to run a tourist train through its Mayan heartland — should it?," 13 Aug. 2019 In 2015, as if sensing there was a need for some course correction, Hillenburg took a more active role behind the scenes of SpongeBob SquarePants. Darryn King, Longreads, "The Young Man and the Sea Sponge," 13 Aug. 2019 This fall will be coordinator Jim Leonhard's third season in his role, and if last year's 8–5 record was an aberration in Madison, the course correction will have to start with his unit. The Si Staff, SI.com, "2019 Preview: With Jonathan Taylor Leading, Wisconsin Aims to Bounce Back," 12 Aug. 2019 For a chain whose mission embraces inclusion—in the form of access to healthy food—the inability to serve all potential customers created a problem that required a course correction. Randy Kohl, WIRED, "Cashless Stores Alienate Customers in the Name of Efficiency," 5 Aug. 2019 The plaintiffs also intend their proposal to be a course correction to the Big Tobacco settlement, and a possible template for future resolutions in such public welfare areas as firearms, climate change, and environmental pollution. Jan Hoffman, BostonGlobe.com, "States clash with cities over potential opioids settlement payouts," 5 Aug. 2019 The plaintiffs also intend their proposal to be a course correction to the Big Tobacco settlement, as well as a possible template for future resolutions in such public welfare areas as firearms, climate change and environmental pollution. Jan Hoffman, New York Times, "States Clash With Cities Over Potential Opioids Settlement Payouts," 5 Aug. 2019 The accident may not be the only reason for the agency’s course correction, however. Ephrat Livni, Quartz, "After a human shooting, Florida tempers its advice on hunting invasive iguanas," 28 July 2019

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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Statistics for correction

Last Updated

18 Aug 2019

Look-up Popularity

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

correction

noun
cor·​rec·​tion | \ kə-ˈrek-shən How to pronounce correction (audio) \

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 How to pronounce correction (audio) \

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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