adjustment: Meaning and Definition of

ad•just•ment

1. the act of adjusting; adaptation to a particular condition, position, or purpose.
2. the state of being adjusted; orderly relation of parts or elements.
3. a device, as a knob or lever, for adjusting: the adjustments on a television set.
4. the act of bringing something into conformity with external requirements: the adjustment of one's view of reality.
5. harmony achieved by modification or change of a position: They worked out an adjustment of their conflicting ideas.
6. a process of modifying, adapting, or altering individual or collective patterns of behavior so as to bring them into conformity with other such patterns, as with those provided by a cultural environment.
7. the act of ascertaining the amount of indemnity that the party insured is entitled to receive under the policy, and of settling the claim.
8. a settlement of a disputed account or claim.
9. a change or concession, as in price or other terms, in view of minor defect or the like.