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

Securities quoted ex-rights entitle the seller to retain the right to participate in aNew Issue.

除权报价的股票赋予出售者保留分享公司新发股票的权利。

youdao

The chief executive, David Elie Rabi, portraying himself as a seasoned executive, turned out to be an ex-con who had served four years in prison for securities fraud.

FORBES: Under The Counter