The action of making something right or accurate, or a change that fixes an error. In finance, a temporary decline in stock prices.
From Latin 'correctio', from 'corrigere' meaning 'to make straight', combining 'cor-' (together) and 'regere' (to rule/guide). The meaning expanded from physical straightening to fixing errors.
The financial term 'market correction' is a euphemism that makes a scary stock market drop sound like a natural, healthy adjustment - psychologically softening the blow of losing money! It suggests the market is simply 'correcting' itself back to proper values.
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