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English definition of “correction”

correction

noun [C or U]
 
 
/kəˈrekʃən/
(also market correction) FINANCE, STOCK MARKET a change in the prices in a financial market, especially when they go down after a period when they have been too high in relation to the real situation in companies, the economy, etc.: It looks like last week's correction is over and prices are going to go higher.
the fact of making something, for example an amount or a calculation, more accurate: correction to sth No corrections to these figures will be allowed once the form has been submitted. → See also technical correction
(Definition of correction from the Cambridge Business English Dictionary © Cambridge University Press)
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