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Shorthand indicating that a security is being traded without something attached to it. The term is most common when that "something" is an extra that would usually be attached to the security but is not. See also: Ex-dividend, Ex-right, Ex-warrant.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
Used in combination to refer to a security that trades without something, such as a dividend, warrant, or some other distribution. For example, when a stock trades ex-dividend, it trades without the right to receive the next dividend payment.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.