- correct UK US /kəˈrekt/ verb► [I or T] if prices, values, etc. correct or correct themselves, they change and become more normal after a period of being too high, too low, etc.: »
The market is positioned to correct and that is what's happening.»
Experts believe this is merely a slowdown in the economy that will correct itself.► [T] to change an amount, a calculation, etc. in order to make it more accurate, by considering certain facts: »
These figures have been corrected to allow for inflationcorrect sth for sth »
The mid-year review did not correct the accounts for exchange-rate fluctuation.
Financial and business terms. 2012.