Confirmation(redirected from Sacrament of Confirmation)
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2. A market indication corroborating a previous indication. This shows that a predicted market trend will in fact take place, reducing uncertainty in the market.
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 backup 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.