correctioncor·rec·tion /kəˈrekʃən/ noun [countableC, uncountableU] FINANCE a change in the prices on a financial market, usually when they fall quickly because they have been too high and are no longer related to the real condition of companies and the economyMarket watchers are expecting a stockmarket correction in February.
The fall in equity prices in October 1987 may have been no more than a correction to the market.
→ technical correction → see also error correction