Business and Personal Finance Dictionary

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• CONFIRMATION
  
  When you buy or sell a stock, your brokerage firm will send you a document showing what you bought or sold, the price, the trade and settlement date, and the commission. You'll also receive a confirmation when you buy or sell a bond, and to reaffirm orders you place, such as a good-till-canceled order to buy or sell a certain stock. In addition, activity in your trading account, such as stock splits, spinoffs, or mergers will trigger a confirmation notice.
  
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