X or XD Definition

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X or XD is a symbol used in newspapers to indicate that a stock is trading ex-dividend, i.e., without dividend. The x symbol is also used in bond tables to signify without interest.

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HIDDEN ASSET is any valued asset that is not included in the book value of a company. Companies have hidden assets such as intellectual property, or customer lists which are of great value, but not reflected in the book value.

UNDERLYING is the security, cash commodity, forward, futures contract, swap, or other contract or instrument that is the subject of a derivative contract or instrument.

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