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 inflation

correct sth for sth »

The mid-year review did not correct the accounts for exchange-rate fluctuation.

Financial and business terms. 2012.