correction

correction definition - business

correction

A sharp, relatively short price decline that temporarily interrupts a persistent upward trend in the value of an asset or a class of assets: Analysts were forecasting a correction in technology stocks.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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