Definitions

Correction (Stock market)

Correction

[kuh-rek-shuhn]
Correction, via the identical French from the Latin corrigĕre 'to make straight (again)', is an action to rectify, to make right a wrong. It may have the following meanings:

  • To set straight an error, clarify a misunderstanding, undo resulting damage; e.g. a correction (newspaper) in a newspaper is the posting of the notice of a mistake that appeared in a past issue of a newspaper
  • To rectify an illogical state, e.g. a market anomaly as in correction (stock market).
  • As a euphemism for punishment, of various kinds, mainly physical; in institutional terminology specifically used for imprisonment, e.g. correctional facility (prison) or corrections.
  • the various duties of a corrector, a political/administrative office in classical Antiquity and still an ecclesiastical one in the Catholic Church and one in the temple.

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