The practice of buying gilt-edged securities after they have gone ex-dividend and selling them cum-dividend, thus transforming the interest return into capital gain.

指债券的持有者在债券付息前将债券出售，并在该债券付息后再买入，以此将债券的利息收入转换为资本收入。

youdao

He graduated magna cum laude and Phi Beta Kappa from Brown University and cum laude from Georgetown University Law Center, where he was also named a Public Interest Law Scholar.

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