Describing the sale of a share without any rights attached to it. That is, any rights that may be attached to the share remain with the seller. It is also called ex-rights and contrasts with rights on. See also: Rights offering, Ex-dividend.
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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.