• noun:   the act of offering an improvement to replace a mistake; setting right
• noun:   treatment of a specific defect

  Example: "The correction of his vision with eye glasses"

• noun:   a drop in stock market activity or stock prices following a period of increases

  Example: "Market runups are invariably followed by a correction"

• noun:   something substituted for an error
• noun:   a rebuke for making a mistake
• noun:   a quantity that is added or subtracted in order to increase the accuracy of a scientific measure
• noun:   the act of punishing

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