cum

Latin for 'with' (used in the abbreviations cum cap, cum div, cum rights, etc), to indicate that the buyer of a security is entitled to participate in the forthcoming capitalisation issue, dividend or rights issue.

See also ex Exchange Handbook Glossary

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cum cum [kʊm, kʌm] adverb FINANCE

1. cum dividend/​cum div when the price of shares is listed cum dividend or cum div, the person who buys them will receive the next dividend payment on them:

• We can claim any trading losses made by buying stock cum dividend and then selling it ex-dividend against our tax liability.

2. cum interest when a bond, security etc is cum interest, interest will paid on a particular date in the future, and this amount is included in its trading price

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cum UK US /kʌm/ preposition

► FINANCE, STOCK MARKET used to mean 'with' when describing what the price of particular shares, bonds, etc. includes: cum bonus/dividend/interest »

If a share price is 'cum dividend', it means that if you buy it now, you qualify for the dividend.

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It is assumed a share or bond is dealing cum rights unless otherwise stated.

→ See also EX-(Cf. ↑ex-)

► used to show that something has two purposes, or that someone does two things: »

He now proposes to turn the disused site into a wind farm cum wildlife sanctuary.

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Redundancy prompted one man to relaunch himself as a gardener cum odd job man.