Financial Glossary

XD

Ex-dividend. This is the interval between the announcement and payment of the next dividend or, in the case of a unit trust, the income distribution. Someone who invests during the interval between two distributions and is not entitled to the dividend. With an income-paying unit trust, the 'xd' date is usually about eight weeks before its distribution date.

A | B | C | D | E | F | G | H | I | J | K | L | M
N | O | P | Q | R | S | T | U | V | W | X | Y | Z