diff --git a/hledger/hledger.m4.md b/hledger/hledger.m4.md
index 7985c0991..c71f5a58b 100644
--- a/hledger/hledger.m4.md
+++ b/hledger/hledger.m4.md
@@ -3838,7 +3838,7 @@ When you are reading CSV data, eg with a command like `hledger -f foo.csv print`
 hledger will infer each commodity's decimal precision (and other [commodity display styles](#commodity-display-styles))
 from the amounts - much as when reading a journal file without `commodity` directives (see the link).
 But note these commodity styles are not inferred from the numbers in the original CSV data;
-rather, they are inferred from the journal entries generated by the CSV rules.
+rather, they are inferred from the amounts generated by the CSV rules.
 
 When you are importing CSV data with the `import` command, eg `hledger import foo.csv`,
 it's a little different: `import` [applies](#commodity-display-styles) the journal's existing commodity styles to the new entries.