Also found in: Acronyms.
Describes a stock sale during the time in which the buyer of the stock is not entitled to the warrant accompanying the stock.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
Describing the sale of a security after a warrant has been announced but before it has been distributed. When a security is sold ex-warrant, the warrant remains with the seller. Selling ex-warrant almost invariably reduces the price for which the security is sold. See also: Cum warrant.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
Used to refer to a stock that no longer carries the right to a distribution of declared warrants. The buyer of a stock trading ex-warrants therefore will not receive the warrants. A stock trading in this manner is indicated in stock transaction tables by the symbol xw. Compare with warrants.
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.