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

"Excessively optimistic growth expectations about AI could be revised in light of incoming data from early adopters and could trigger a market correction," the IMF said.

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“It is very hard to get financial instability out of an equity market correction alone,” Posen told reporters at a briefing on the sidelines of the IMF-World Bank annual meeting.

Read more on MarketWatch

Equity strategists at Morgan Stanley are now warning that the S&P may be set for an unexpectedly large correction if tensions do not de-escalate by early November.

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The Petz map has potential applications in quantum computing for tasks such as quantum error correction and machine learning.

Read more on Science Daily

“If associated trade uncertainty/volatility continues into early November, we could see a larger correction than most are expecting,” Wilson and his team wrote.

Read more on MarketWatch

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.