adjustment

1. The act of adjusting or the state of being adjusted.
2. A means of adjusting.
3. Settlement of a debt or claim.
4. A modification, fluctuation, or correction: made an adjustment on the telephone bill; an adjustment in the consumer price index.

In fulfillment, change made to a computer file record. An adjustment to a customer file record is usually made in response to a complaint or clarification from a customer. See also add; address correction; delete.

Accounting entry for ledger entries not previously posted and transferred to subsidiary accounts, or to correct bookkeeping errors. In computation of equity Capital a bank writes down the book value, or original value, of loans when they were made by 100% for loans classified as Loss and 50% for Doubtful Loans with the difference being charged to the Loan Loss Reserve for bad debt. See also Adjusted Capital Ratio; Risk-Based Capital.

noun

The act of making suitable to an end or the condition of being made suitable to an end: accommodation, adaptation, adaption, conformation. See change/persist.

A modification of a restoration or of a denture after insertion in the mouth.

Summarization of statistical measures in which the effects of differences in composition of the populations being compared have been minimized by statistical methods.

• chiropractic a. — application of force to a vertebral articulation to restore biomechanical and neurological function.

Look up adjustment in Wiktionary, the free dictionary.

Adjustment (from late Latin ad-juxtare, derived from juxta, near, but early confounded with a supposed derivation from Justus, right) means regulating, adapting or settling in a variety of contexts:

• Adjustment (law) has several meanings; many relate to insurance, contracts, or the resolution of disputes.

• In Engineering, Mathematics and Geodesy, adjustment means the optimal parameter estimation of a mathematical model so as to best fit a data set. The most important method is the least squares adjustment, found by Carl Friedrich Gauss.

• In Metrology, adjustment is the set of operations carried out on an instrument in order that it provides given indications corresponding to given values of the measurand ^[1][2].

• In Psychology, adjustment means the behavioural process of balancing conflicting needs, or needs against obstacles in the environment. Humans and animals regularly do this, for example, when they are stimulated by their physiological state to seek food, they eat (if possible) to reduce their hunger and thus adjust to the hunger stimulus. Adjustment disorder occurs when there is an inability to make a normal adjustment to some need or stress in the environment.

• In statistics, it is the compensation for confounding variables.

References

1. ^ "International Vocabulary of Metrology". http://www.bipm.org/en/publications/guides/vim.html. 
2. ^ "International Electrotechnical Vocabulary". http://www.electropedia.org/iev/iev.nsf/display?openform&ievref=311-03-16. 

• This article incorporates text from the Encyclopædia Britannica, Eleventh Edition, a publication now in the public domain.

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