adjustmentad·just·ment /əˈdʒʌstmənt/ noun [countableC, uncountableU]1a change that is made to something in order to correct or improve itWe have made an adjustment to our target.
Grants are to be slashed by 33%, after adjustment for inflation.
→ cost of living adjustment → debt adjustment2INSURANCE the agreement between an INSURER and someone who has claimed on their insurance over the amount that will be paid, or the amount itselfWe are still waiting for the adjustment to be paid.