E – Investment Vocabulary

Exempt Securities: Securities that are exempt from the registration requirements of the Securities and Exchange Commission.
Ex-Rights: Without rights. When a security is sold ex-rights, the buyer of that security is not entitled to the rights to purchase a new issue of the security at a discount.
Extraordinary Redemption: Redemption occurring under an unusual circumstance such as destruction of the facility financed. Different from optional redemption or mandatory redemption on municipal issues. Compare Optional Redemption.