cf. ex dividendThe trading status of a bond or share such that the seller of the bond or share retains the right to receive the next interest or dividend ( dividends) payment. The alternative is cum dividend or cum interest, when the purchaser has the right to receive the next interest or dividend payment. Dresdner Kleinwort Wasserstein financial glossary
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ex-coupon UK US (also ex coupon) adjective FINANCE
► relating to a bond that is sold where the buyer does not have the right to obtain a particular interest payment: »
Transactions settled on or after the ex-dividend date are deemed to be ex-coupon.
ex-coupon adverb
Financial and business terms. 2012.