An abbreviation for 'ex-rights' in financial trading, indicating that a security is being sold without the attached rights or dividends.
Modern financial terminology abbreviation; 'ex-' meaning 'without' combined with 'rights.' Emerged in 20th-century stock market jargon.
EXR is invisible to most people but crucial to day traders—it marks the exact moment when a stock stops coming with its 'bonus' rights, so buying before vs. after EXR literally means thousands in profit or loss.
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