Means "without". A price so quoted excludes recently declared dividend right or bonus shares.

The share is described as ex-bonus when a potential purchaser is not entitled to receive the current bonus, the right to which remains with the seller.

The share is described as ex-rights when a potential purchaser is not entitled to receive the current rights, the right of which remains with the seller.

Earnings Per Share (EPS)
It is the most important measure of how well (or otherwise) the board of directors are doing for the shareholders. This measure expresses how much the company is earning for every share held. The calculation is 'pre-tax profit dividend by the number of shares in issue'. Earnings per share is more
important than the overall reported profit figure ! The reason is that EPS provides a more pure measure of profitability.

Eurobond
A Eurobond is a medium or long-term interest-bearing bond created in the international capital markets. A Eurobond is denominated in a currency other than that of the place where it is being issued. Eurobonds are only issued by major borrowers, such as governments, other public bodies or large multinational companies.

Ex Dividend

This is a share sold without the right to receive the declared dividend payment which is marked as due to those shareholders who are on the share register at a pre-announced date.The stock market authorities usually specify the date on which a share will begin trading ex div. The share price invariably drops when the share goes ex dividend, taking the known income of the dividend out of the share price.

Ex Coupon
A stock or bond sold without the right of receipt of the next due interest payment.

Employee Stock Option Plan is a trust established by a company to allot some of its paid-up equity capital to its employees over a period of time. They are used to reward employees.

Exercise price
The pre-determined price at which the underlying future or options contract may be bought or sold.

Exercising the option
The act of buying or selling the underlying asset via the option contract.

Efficient capital market :-
A market in which all the players have all the material information at their disposal at the same time.