채권이나 증권이 다음번 이자 지급 권리가 제외된 상태로 거래되는 것.
A term used in finance to indicate that a security is being traded without the right to receive the next scheduled interest payment or coupon.
예문:
"The bond price adjusted downward as it began trading xc this morning."
"Investors should verify whether a security is xc to understand their immediate cash flow."