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Dictionary.com Unabridged (v 1.1) - Cite This Source - Share This
cor·rec·tion    Audio Help   [kuh-rek-shuhn] Pronunciation Key
–noun
1.something that is substituted or proposed for what is wrong or inaccurate; emendation.
2.the act of correcting.
3.punishment intended to reform, improve, or rehabilitate; chastisement; reproof.
4.Usually, corrections. the various methods, as incarceration, parole, and probation, by which society deals with convicted offenders.
5.a quantity applied or other adjustment made in order to increase accuracy, as in the use of an instrument or the solution of a problem: A five degree correction will put the ship on course.
6.a reversal of the trend of stock prices, esp. temporarily, as after a sharp advance or decline in the previous trading sessions.

[Origin: 1300–50; ME correccio(u)n (< AF) < L corréctiōn- (s. of corréctiō) a setting straight. See correct, -ion]
Dictionary.com Unabridged (v 1.1)
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2006.
Encyclopædia Britannica, Inc.
Correction

To learn more about Correction visit Britannica.com

© 2008 Encyclopædia Britannica, Inc.
American Heritage Dictionary - Cite This Source - Share This
cor·rec·tion    Audio Help   (kə-rěk'shən)  Pronunciation Key 
n.  
  1. The act or process of correcting.
  2. Something offered or substituted for a mistake or fault: made corrections in the report.
    1. Punishment intended to rehabilitate or improve.
    2. corrections The treatment of offenders through a system of penal incarceration, rehabilitation, probation, and parole, or the administrative system by which these are effectuated.
  3. An amount or quantity added or subtracted in order to correct.
  4. A decline in stock-market activity or prices following a period of increases.

cor·rec'tion·al adj.
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The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2006 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
WordNet - Cite This Source - Share This
correction

noun
1. the act of offering an improvement to replace a mistake; setting right 
2. a quantity that is added or subtracted in order to increase the accuracy of a scientific measure 
3. something substituted for an error 
4. a rebuke for making a mistake 
5. a drop in stock market activity or stock prices following a period of increases; "market runups are invariably followed by a correction" 
6. the act of punishing; "the offenders deserved the harsh discipline they received" [syn: discipline
7. treatment of a specific defect; "the correction of his vision with eye glasses" 

WordNet® 3.0, © 2006 by Princeton University.
Merriam-Webster's Medical Dictionary - Cite This Source - Share This

Main Entry: cor·rec·tion
Pronunciation: k&-'rek-sh&n
Function: noun
: the action or an instance of correcting or neutralizing a harmful or undesirable condition <correction of acidity> <correction of visual defects with glasses>

Merriam-Webster's Medical Dictionary, © 2002 Merriam-Webster, Inc.
Investopedia - Cite This Source - Share This

Correction

A price reaction (usually negative) of at least 10% for a stock, bond, commodity, or index.

Investopedia Commentary

A healthy market will correct from time to time.

Related Links

Capitulation Defined

See also: Bear Market, Bloodletting, Capitulation, Dead Cat Bounce, Falling Knife, Flight to Quality, Panic Selling, Retracement

Investopedia.com. Copyright © 1999-2005 - All rights reserved. Owned and Operated by Investopedia Inc.
Wallstreet Words - Cite This Source - Share This

correction

A sharp, relatively short price decline that temporarily interrupts a persistent upward trend in the market or in the price of a stock.

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott.
Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company.
Merriam-Webster's Dictionary of Law - Cite This Source - Share This

Main Entry: cor·rec·tion
Function: noun
1 : a decline in market price or business activity following and counteracting a rise
2 : the treatment and rehabilitation of offenders through a program involving penal custody, parole, and probation —often used in pl. —cor·rec·tion·al adjective

Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
Webster's Revised Unabridged Dictionary - Cite This Source - Share This

Correction

Cor*rec"tion\ (k?r-r?k"sh?n), n. [L. correctio: cf. F. correction.]

1. The act of correcting, or making that right which was wrong; change for the better; amendment; rectification, as of an erroneous statement.

The due correction of swearing, rioting, neglect of God's word, and other scandalouss vices. --Strype.

2. The act of reproving or punishing, or that which is intended to rectify or to cure faults; punishment; discipline; chastisement.

Correction and instruction must both work Ere this rude beast will profit. --Shak.

3. That which is substituted in the place of what is wrong; an emendation; as, the corrections on a proof sheet should be set in the margin.

4. Abatement of noxious qualities; the counteraction of what is inconvenient or hurtful in its effects; as, the correction of acidity in the stomach.

5. An allowance made for inaccuracy in an instrument; as, chronometer correction; compass correction.

Correction line (Surv.), a parallel used as a new base line in laying out township in the government lands of the United States. The adoption at certain intervals of a correction line is necessitated by the convergence of of meridians, and the statute requirement that the townships must be squares.

House of correction, a house where disorderly persons are confined; a bridewell.

Under correction, subject to correction; admitting the possibility of error.
Webster's Revised Unabridged Dictionary, © 1996, 1998 MICRA, Inc.
Webster's Revised Unabridged Dictionary - Cite This Source - Share This

Correction

House\, n.; pl. Houses. [OE. hous, hus, AS. h?s; akin to OS. & OFries. h?s, D. huis, OHG. h?s, G. haus, Icel. h?s, Sw. hus, Dan. huus, Goth. gudh?s, house of God, temple; and prob. to E. hide to conceal. See Hide, and cf. Hoard, Husband, Hussy, Husting.]

1. A structure intended or used as a habitation or shelter for animals of any kind; but especially, a building or edifice for the habitation of man; a dwelling place, a mansion.

Houses are built to live in; not to look on. --Bacon.

Bees with smoke and doves with noisome stench Are from their hives and houses driven away. --Shak.

2. Household affairs; domestic concerns; particularly in the phrase to keep house. See below.

3. Those who dwell in the same house; a household.

One that feared God with all his house. --Acts x. 2.

4. A family of ancestors, descendants, and kindred; a race of persons from the same stock; a tribe; especially, a noble family or an illustrious race; as, the house of Austria; the house of Hanover; the house of Israel.

The last remaining pillar of their house, The one transmitter of their ancient name. --Tennyson.

5. One of the estates of a kingdom or other government assembled in parliament or legislature; a body of men united in a legislative capacity; as, the House of Lords; the House of Commons; the House of Representatives; also, a quorum of such a body. See Congress, and Parliament.

6. (Com.) A firm, or commercial establishment.

7. A public house; an inn; a hotel.

8. (Astrol.) A twelfth part of the heavens, as divided by six circles intersecting at the north and south points of the horizon, used by astrologers in noting the positions of the heavenly bodies, and casting horoscopes or nativities. The houses were regarded as fixed in respect to the horizon, and numbered from the one at the eastern horizon, called the ascendant, first house, or house of life, downward, or in the direction of the earth's revolution, the stars and planets passing through them in the reverse order every twenty-four hours.

9. A square on a chessboard, regarded as the proper place of a piece.

10. An audience; an assembly of hearers, as at a lecture, a theater, etc.; as, a thin or a full house.

11. The body, as the habitation of the soul.

This mortal house I'll ruin, Do C[ae]sar what he can. --Shak.

12.

Usage: [With an adj., as narrow, dark, etc.] The grave. "The narrow house." --Bryant.

Note: House is much used adjectively and as the first element of compounds. The sense is usually obvious; as, house cricket, housemaid, house painter, housework.

House ant (Zo["o]l.), a very small, yellowish brown ant (Myrmica molesta), which often infests houses, and sometimes becomes a great pest.

House of bishops (Prot. Epis. Ch.), one of the two bodies composing a general convertion, the other being House of Clerical and Lay Deputies.

House boat, a covered boat used as a dwelling.

House of call, a place, usually a public house, where journeymen connected with a particular trade assemble when out of work, ready for the call of employers. [Eng.] --Simonds.

House car (Railroad), a freight car with inclosing sides and a roof; a box car.

House of correction. See Correction.

House cricket (Zo["o]l.), a European cricket (Gryllus domesticus), which frequently lives in houses, between the bricks of chimneys and fireplaces. It is noted for the loud chirping or stridulation of the males.

House dog, a dog kept in or about a dwelling house.

House finch (Zo["o]l.), the burion.

House flag, a flag denoting the commercial house to which a merchant vessel belongs.

House fly (Zo["o]l.), a common fly (esp. Musca domestica), which infests houses both in Europe and America. Its larva is a maggot which lives in decaying substances or excrement, about sink drains, etc.

House of God, a temple or church.

House of ill fame. See Ill fame under Ill, a.

House martin (Zo["o]l.), a common European swallow (Hirundo urbica). It has feathered feet, and builds its nests of mud against the walls of buildings. Called also house swallow, and window martin.

House mouse (Zo["o]l.), the common mouse (Mus musculus).

House physician, the resident medical adviser of a hospital or other public institution.

House snake (Zo["o]l.), the milk snake.

House sparrow (Zo["o]l.), the common European sparrow (Passer domesticus). It has recently been introduced into America, where it has become very abundant, esp. in cities. Called also thatch sparrow.

House spider (Zo["o]l.), any spider which habitually lives in houses. Among the most common species are Theridium tepidariorum and Tegenaria domestica.

House surgeon, the resident surgeon of a hospital.

House wren (Zo["o]l.), the common wren of the Eastern United States (Troglodytes a["e]don). It is common about houses and in gardens, and is noted for its vivacity, and loud musical notes. See Wren.

Religious house, a monastery or convent.

The White House, the official residence of the President of the United States; -- hence, colloquially, the office of President.

To bring down the house. See under Bring.

To keep house, to maintain an independent domestic establishment.

To keep open house, to entertain friends at all times.

Syn: Dwelling; residence; abode. See Tenement.
Webster's Revised Unabridged Dictionary, © 1996, 1998 MICRA, Inc.

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