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English definition of “correct”

correct

verb     /kəˈrekt/
[I or T] if prices, values, etc. correct or correct themselves, they change and become more normal after a period of being too high, too low, etc.: The market is positioned to correct and that is what's happening. Experts believe this is merely a slowdown in the economy that will correct itself.
[T] to change an amount, a calculation, etc. in order to make it more accurate, by considering certain facts: These figures have been corrected to allow for inflationcorrect sth for sth The mid-year review did not correct the accounts for exchange-rate fluctuation.
(Definition of correct verb from the Cambridge Business English Dictionary © Cambridge University Press)
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