account correction
[/əˈkaʊnt kəˈrɛkʃən/]
nounpl: account corrections
correção de conta
1. An adjustment made to a financial account to fix errors, discrepancies, or inaccuracies in records or transactions
The bank processed an account correction to reimburse the customer for the fraudulent charge.
O banco processou uma correção de conta para reembolsar o cliente pela cobrança fraudulenta.
2. A modification to rectify mistakes in accounting entries, balance sheets, or transaction records
An account correction was necessary after the auditor discovered a posting error from the previous quarter.
Uma correção de conta foi necessária após o auditor descobrir um erro de lançamento do trimestre anterior.
3. In banking, the process of reversing or adjusting transactions to restore account accuracy
The account correction resolved the discrepancy between the customer's records and the bank statement.
A correção de conta resolveu a discrepância entre os registros do cliente e o extrato bancário.
In Brazilian banking and corporate contexts, account corrections are a routine part of financial operations and are heavily regulated by the Central Bank (Banco Central do Brasil). In the USA, account corrections follow SEC and GAAP guidelines. The term reflects the importance of accuracy in financial record-keeping across both cultures, though Brazilian institutions may emphasize verbal notification alongside written documentation more than US counterparts.
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