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English definition of “ex-capitalization”

ex-capitalization

adverb (also UK ex-capitalisation)
 
 
( abbreviation ex-cap, abbreviation xc) FINANCE, STOCK MARKET
if a stock is sold ex-capitalization, any scrip issue (= new shares offered free to shareholders) will belong to the seller instead of the buyer: Shares in a company bought ex capitalization are without entitlement to current scrip issues.
(Definition of ex-capitalization from the Cambridge Business English Dictionary © Cambridge University Press)
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