Meaning of “ex-coupon” in the English Dictionary

"ex-coupon" in Business English

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ex-couponadjective

also ex coupon uk us 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

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(Definition of “ex-coupon” from the Cambridge Business English Dictionary © Cambridge University Press)