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term:

Correction

correction n

1 : a decline in market price or business activity following and counteracting a rise
2 : the treatment and rehabilitation of offenders through a program involving penal custody, parole, and probation often used in pl.
cor·rec·tion·al adj

Source: Merriam-Webster’s Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.
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