The term CORRECTS COPY refers to the job of an editor or proofreader. An editor is responsible for making changes to a document to ensure accuracy and clarity, while a proofreader checks for errors in grammar, spelling, punctuation, and formatting. The term EDITS, with five letters, is used to describe the work of an editor, while PROOFREADS, with ten letters, is used to describe the work of a proofreader.