CORRECTION

The act of offering an improvement to replace a mistake; setting right

A quantity that is added or subtracted in order to increase the accuracy of a scientific measure

Something substituted for an error

A rebuke for making a mistake

A drop in stock market activity or stock prices following a period of increases

Example: "Market runups are invariably followed by a correction"

The act of disciplining

Example: "The offenders deserved the harsh discipline they received"

Treatment of a specific defect

Example: "The correction of his vision with eye glasses"