revision - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “revision”

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revision

noun [C or U]
 
 
/rɪˈvɪʒən/
the process of changing an amount or value in order to make it more accurate: The official picture of the US labor market was complicated by statistical revisions of earlier estimates. Economists have stated that revisions to growth in the first quarter of the year were in line with market expectations.make revisions (to sth) Some revisions to previous years' figures have been made by the Office for National Statistics.upward/downward revision(s) Good third-quarter figures should lead to an upward revision of the economic forecast in the November pre-budget report. earnings/tax revisions
the process of changing a plan, system, or law in order to improve it: Any revision of lending criteria is bound to have an effect on the real economy. The 334-page audit suggests revisions to state accountability plans.major/significant/substantial revision(s) Last month, the Environmental Protection Agency announced the first major revision in its fuel economy testing procedures since 1986.call for/propose/make revisions (to sth) Under the terms of a new environmental law, revisions to U.S. Forest Service plans will be called for every 15 years.proposed/further revision(s) Proposed revisions would enhance companies' ability to exclude economically insignificant proposals.
the process of changing a document, book, etc. in order to improve it, correct mistakes, or make it contain the most recent information: New software will enable 1,000 new word revisions to be added online to the dictionary every three months.revision of sth Many employers have had difficulty understanding the 150-page revision of the document. We request shareholders' comments on the proposed revisions to paragraph (c)(1), and the adoption of proposed new paragraph (c)(2). The executive order was last updated in 2006 and is currently under revision.
(Definition of revision from the Cambridge Business English Dictionary © Cambridge University Press)
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