Definition of "Cum-Rights"

The literal translation is "with rights"--that is, during a rights offering, the period in which the purchaser of stock will receive the rights. The rights entitle the purchaser to buy a fixed amount of shares of stock that has not yet been issued. The prospectus that accompanies a rights distribution states when the rights become ex-rights (without rights). On the ex-right date, a purchaser will not receive the rights.