Meaning of “miscalculation” in the English Dictionary

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"miscalculation" in Business English

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miscalculationnoun [ C or U ]

uk /ˌmɪskælkjəˈleɪʃən/ us

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)