Ex-Coupon

Ex-Coupon

The sale of a bond after a stated date before a coupon is distributed. When a bond is sold ex-coupon, the right to receive the coupon remains with the seller. Selling ex-coupon almost invariably reduces the selling price of the bond. See also: Ex-dividend, Ex-bonus.
References in periodicals archive ?
30 per ordinary share outstanding at ex-coupon date, with the exclusion of own shares;
It will also be proposed that dividends should be paid as of 12 May 2011, ex-coupon No.