Correction Law and Legal Definition

In the general sense correction is the act or an instance of making right what is wrong. It also means

  • A change in business activity or market price following and counteracting an increase or decrease in the activity or price. A drop in stock market activity or stock prices following a period of increases. For example, the broker advised investors to sell before the inevitable stock-market correction.
  • The punishment and treatment of a criminal offender through a program of imprisonment, parole, and probation.