ex

1. General: Former, such as in 'ex president' or 'ex employee.'

2. Selling: From or out of. When used in terms of sale (such as ex dock, ex factory, ex ship), 'ex' signifies that the quoted price applies only at the place mentioned (the dock, factory, or ship) where the seller will place the goods at the buyer's disposal on the specified date. All charges from that place onwards are to be paid directly by the buyer and are not included in the seller's price.

3. Securities trading: Excluding or without. When used with offers for sale (such as ex dividend, ex cap, ex rights), 'ex' signifies that the buyer is not entitled to participate in the indicated forthcoming event (distribution of dividend, scrip issue, or rights issue) but can participate in the subsequent such events. Opposite of cum.