Legal Definitions - sold note

Definition: A sold note is a confirmation slip that acknowledges the sale of a security or investment. It is also known as a note or confirmation slip.

Example: When an investor buys shares of a company, the broker will send a sold note to confirm the transaction. The sold note will include details such as the number of shares purchased, the price paid, and the date of the transaction.

Explanation: The example illustrates how a sold note is used to confirm the purchase of a security. The note provides important information about the transaction, which can be used for record-keeping and tax purposes. It also serves as proof of ownership for the investor.