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TeachMeFinance.com - explain Ex-interest historic definition... Ex-interest -- Without interest or not including interest. Registered bonds sell ex-interest the same as stocks sell exdividend when the books are closed (see Books closed). If a registered bond , say a 4 per cent bond with the interest payable semi-annually, is selling at 98 while a coupon bond of the same issue is selling at 100 it is because interest goes with the coupon bond while it does not go with the registered bond. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.