Confirmation: A statement (verbal or written) given to advertising agencies by a network, station, or rep firm when accepting an order for a commercial and/or media schedule.

 

Related Words

Confirmation: Reservation, acknowledged orally or in writing, verifying a booking has been accepted. Most confirmations are subject to certain conditions.

Exchange Confirmation: Notification that owners of timeshares and the host resorts receive regarding the unit they receive in exchange and the dates of occupancy.

Firm Commitment Underwriting: Refers to an order to buy or sell that can be executed without confirmation for some fixed period. Also, a synonym for company.

Execution Costs: The process of completing an order to buy or sell securities. Once a trade is executed, it is reported by a Confirmation Report; settlement (payment and transfer of ownership) occurs in the . . . View Full Definition

Back Office: Brokerage house clerical operations that support, but do not include, the trading of stocks and other securities. All written confirmation and settlement of trades, record keeping, and regul . . . View Full Definition

Firm Quote: A firm quote includes a bid and ask price at which a market maker is willing to trade a specific quantity — 100 shares of stock, for example. For example, a firm quote of 42.50/42.70 means t . . . View Full Definition

Conflict Between Bondholders And Stockholders: The written statement that follows any 'trade' in the securities markets. Confirmation is issued immediately after a trade is executed. It spells out settlement date, terms, commission, etc.

Subject Market: Refers to a bid or offer that cannot be executed without confirmation from the customer. In other words, not firm, but a bid/offer that needs additional information/confirmation before becom . . . View Full Definition

Receipt: A term typically used to describe confirmation of a payment - if you buy some petrol you will normally ask for a receipt to prove that the money was spent legitimately.

Trend: In the equities market, a conditional bid or offer. 'My bid or offer is not firm, but is subject to confirmation between other parties and to market changes.'