Truncation is another word for stemming. The truncation symbol is the asterisk in most databases, but not always. Check database help screens.
Use truncation when:
1) you want to get more results or every variation of a word root
Example: adolescen* retrieves adolescent, adolescents, adolescence
2) when you're unsure of spelling
A wildcard searches for embedded characters and allows for variant spellings or meanings.The wildcard symbol is the pound sign in many databases.
Use wildcard when:
1) you're searching for a word that is spelling differently in American or British English
Example: col#r retrieves color, colour
2) you're searching for variant meanings, such as single/plural
Example: wom#n retrieves woman, women