Confirmation

Business / Taxes / Confirmation: When you buy or sell a stock or bond, your brokerage firm will send you a confirmation, or printed document, with the details of the transaction. Confirmations include the price, any fees, and the trade and settlement dates. Stock confirmations also include the commission if it applies. These documents are your back-up for calculating capital gains and losses. You'll also receive a confirmation to reaffirm orders you place, such as a good 'til canceled order to buy or sell a certain stock at a stop or limit price. In addition, activity in your trading account, such as stock splits, spinoffs, or mergers will trigger a confirmation notice.

Exchange Confirmation

Life Style / Time Shares / Exchange Confirmation: Notification that owners of timeshares and the host resorts receive regarding the unit they receive in exchange and the dates of occupancy. MORE

Commission

Business / Accounting / Commission: A fee to a third party for assisting a business transaction, such as buying or selling an asset. MORE

Brokerage Account

Business / Taxes / Brokerage Account: To buy and sell securities through a broker-dealer or other financial services firm, you establish an account, generally known as a brokerage account, with that firm. In a full-service brokerage firm, MORE

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