Ex-Bonus
(redirected from Ex-Scrip)Ex-Bonus
Describing the sale of a stock in which a bonus issue that has been announced but not distributed remains with the seller. That is, the buyer does not receive the bonus when it is distributed even though she owns the stock. A bonus in this context is a free issue of shares given by the issuing company to current stockholders. This is also called ex-capitalization or ex-scrip.