Meaning of “correction” in the English Dictionary

"correction" in British English

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correctionnoun

uk /kəˈrek.ʃən/ us /kəˈrek.ʃən/

correction noun (CHANGE)

B1 [ C or U ] a change made to something in order to correct or improve it, or the action of making such a change:

She was disappointed to see her essay returned with a huge number of corrections in red ink.

[ C or U ] specialized also market correction finance & economics a change in prices in a financial market, especially when they go down after a period of being too high in relation to the real situation in a company, the economy, etc.:

It looks like last week's correction is over and prices are going to go higher.

More examples

  • I must make one important correction to what you said in your introduction - I'm Belgian, not German.
  • After you have done the corrections, could you print out the document please?
  • I've noticed several more corrections I'd like to make to the book, if it's not too late.
  • I have one correction for the newsletter - our phone number has changed.
  • Make sure you do all those spelling corrections carefully before you send off the letter.

(Definition of “correction” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"correction" in American English

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correctionnoun [ C/U ]

us /kəˈrek·ʃən/

a change to make something right or correct, or the act of making such changes:

[ C ] I made a number of corrections to the manuscript.
[ U ] Several errors in this report need correction.

(Definition of “correction” from the Cambridge Academic Content Dictionary © Cambridge University Press)

"correction" in Business English

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correctionnoun [ C or U ]

uk /kəˈrekʃən/ us

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.

(Definition of “correction” from the Cambridge Business English Dictionary © Cambridge University Press)