King James Dictionary 
Correction n. L.
1. The act of correcting the act of bringing back, from error or deviation, to a just standard, as to truth, rectitude, justice or propriety as the correction of opinions or manners.
All scripture is profitable for correction. 2 Timothy 3 .
2. Retrenchment of faults or errors amendment as the correction of a book, or of the press. 3. That which is substituted in the place of what is wrong as the corrections of a copy are numerous set the corrections in the margin of a proof-sheet. 4. That which is intended to rectify, or to cure faults punishment discipline chastisement that which corrects.
Withhold not correction from the child. Proverbs 23 .
5. In scriptural language, whatever tends to correct the moral conduct, and bring back from error or sin, as afflictions.
They have refused to receive correction. Jeremiah 5 .
My son, despise not the chastening of the Lord, nor be weary of his correction. Proverbs 3 .
6. Critical notice animadversion. 7. Abatement of noxious qualities the counteraction of what is inconvenient or hurtful in its effects as the correction of acidity in the stomach.
House of correction, a house where disorderly persons are confined a bridewell.
Webster's Dictionary 
(1): (n.) That which is substituted in the place of what is wrong; an emendation; as, the corrections on a proof sheet should be set in the margin.
(2): (n.) Abatement of noxious qualities; the counteraction of what is inconvenient or hurtful in its effects; as, the correction of acidity in the stomach.
(3): (n.) An allowance made for inaccuracy in an instrument; as, chronometer correction; compass correction.
(4): (n.) The act of correcting, or making that right which was wrong; change for the better; amendment; rectification, as of an erroneous statement.
(5): (n.) The act of reproving or punishing, or that which is intended to rectify or to cure faults; punishment; discipline; chastisement.
International Standard Bible Encyclopedia 
ko - rek´shun ( מוּסר , mūṣār , usually rendered "instruction," is translated "correction" in several passages): The verb from which the noun is derived signifies "to instruct" or "chastise." The idea of chastisement was very closely connected in the Hebrew mind with that of pedagogy. See Chastisement . the Revised Version (British and American) and the American Standard Revised Version have changed "correction" of the King James Version to "instruction" in Jeremiah 7:28 , reversing the order in the margins. שׁבט , shēbheṭ , rendered "rod" in Job 21:9 , is unnecessarily changed to "correction" in Job 37:13 . In 2 Timothy 3:16 , επανόρθωσις , epanórthōsis , is translated "correction." The difference between correction, discipline and instruction Was not clearly drawn in the Hebrew mind.