1. Generally, the act or an instance of making right what is wrong (mark your corrections in red ink).
2. A change in business activity or market price following and counteracting an increase or decrease in the activity or price (the broker advised investors to sell before the inevitable stock-market correction). See DOWN REVERSAL.
3. (usu. pl.) The punishment and treatment of a criminal offender through a program of imprisonment, parole, and probation (Department of Corrections). — correct, vb. — corrective (for senses 1 & 2), correctional (for sense 3), adj.
