1. An adjustment or revision made to past data, statements, or records to correct errors or inaccuracies that have already occurred
The company issued a backward-looking correction to its financial statements from the previous quarter.
A empresa emitiu uma correção retroativa de suas demonstrações financeiras do trimestre anterior.
2. In economics and policy, a correction that addresses or compensates for past mistakes or omissions
The central bank announced a backward-looking correction to interest rate adjustments made six months prior.
O banco central anunciou uma correção retroativa dos ajustes de taxa de juros realizados seis meses antes.