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English definition of “miscalculation”

miscalculation

noun [C or U]
 
 
/ˌmɪskælkjəˈleɪʃən/
ACCOUNTING the act of calculating an amount wrongly: The claim that the group's net asset value was $22 a share was a miscalculation.miscalculation of sth About £265 million could be incurred in fines for miscalculation of tax.
the act of judging a situation badly: It is a story of bad judgement and business miscalculation which resulted in the CEO being fired. The company made a big miscalculation by closing down the retail side of the business.
(Definition of miscalculation from the Cambridge Business English Dictionary © Cambridge University Press)
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