correction

[kuh-rek-shuhn]

noun

1. something that is substituted or proposed for what is wrong or inaccurate; emendation.

2. the act of correcting.

3. punishment intended to reform, improve, or rehabilitate; chastisement; reproof.

4. Usually corrections. the various methods, as incarceration, parole, and probation, by which society deals with convicted offenders.

5. a quantity applied or other adjustment made in order to increase accuracy, as in the use of an instrument or the solution of a problem.

   A five degree correction will put the ship on course.

6. a reversal of the trend of stock prices, especially temporarily, as after a sharp advance or decline in the previous trading sessions.

correction

/ kəˈrɛkʃən /

noun

1. the act or process of correcting

2. something offered or substituted for an error; an improvement

3. the act or process of punishing; reproof

4. a number or quantity added to or subtracted from a scientific or mathematical calculation or observation to increase its accuracy

Other Word Forms

• noncorrection noun
• precorrection noun

Word History and Origins

Origin of correction¹

1300–50; Middle English correccio ( u ) n (< Anglo-French ) < Latin corrēctiōn- (stem of corrēctiō ) a setting straight. See correct, -ion

Example Sentences

The price of gold has experienced a roughly 10% correction from its October peak, but has recovered half of that ground since.

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That brought it close to correction territory, typically defined as a drop of 10% or more from a recent high.

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U.S. stocks deepened their comeback on Monday, with the tech-heavy Nasdaq Composite index scoring its best session since May — after nearly slipping into correction territory last week.

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Analysts suggest the market’s recent pullback is a healthy correction, not the start of a deeper downturn.

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“The weakness under the hood is a sign that we’re closer to the end of this correction, than the beginning.”

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When To Use

What is a correction?

A correction is something substituted for something that is wrong or inaccurate, such as when a newspaper issues a correction to a story it got wrong.A correction is also an adjustment or addition to something to make it more accurate, as when you make a steering correction while driving to ensure you are in the center of your lane.A correction is also a punishment that is meant to help you reform or improve. This is the type of correction connected with prisons, also called correctional facilities.Example: We are applying a correction to the story after it came out that one of the sources was lying.