ex-capitalization
adverb
FINANCE,STOCK MARKET(alsoUKex-capitalisation)ukus(abbreviationex-cap);(abbreviationxc)if astockissoldex-capitalization, anyscripissue(= newsharesofferedfreetoshareholders)willbelongto thesellerinsteadof thebuyer:
Shares in acompanyboughtexcapitalizationare withoutentitlementtocurrentscripissues.