Definitions:

1. a drop in stock market activity or stock prices following a period of increases noun
   • market runups are invariably followed by a correction
2. treatment of a specific defect noun
   • The correction of vision with eye glasses improves many lives.

Synonyms:

• chastening
• chastisement
• discipline
• fudge factor
• penalisation
• penalization
• penalty
• punishment
• rectification

NearBy Words:

• correctional
• corrections