ex-rights

adverb or adjective
\ ˌeks-ˈrīts \

Legal Definition of ex-rights

: without rights

Note: The purchaser of stock traded ex-rights does not acquire the right to purchase new securities at a discount prior to their public issuance because such right was retained by the seller.

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Cite this Entry

“Ex-rights.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/ex-rights. Accessed 30 Sep. 2020.

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