Meaning of “ex-interest” in the English Dictionary

"ex-interest" in Business English

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ex-interestadjective

also ex interest uk us STOCK MARKET

not including interest: used to say that the price of bonds does not include the right to receive the next interest payment on them:

ex-interest period/bonds
ex-interest
adverb

Registered bonds sell ex-interest when the books are closed.

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