Ex Dividend
Legal definition for Indian law research
Definition
ex-dividend
: without a dividend NOTE: A stock is said to be sold “ex-dividend” when the sale occurs just before the next dividend on the stock is due to be paid, so that the payment date comes after the order to buy is executed but before the stock changes hands. In such cases, the dividend is paid to the seller, and the price of the stock is reduced by an appropriate amount.
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.