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Financial Terms | |
Excess returns |
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Definition of Excess returnsExcess returnsAlso called abnormal returns, returns in excess of those required by some asset pricing model.
Related Terms:CARs (cumulative abnormal returns)a measure used in academic finance articles to measure the excess returns an investor would have received over a particular time period if he or she were invested in a particular stock. Abnormal returnsPart of the return that is not due to systematic influences (market wide influences). In Book ReturnsBook yield is the investment income earned in a year on a portfolio of assets purchased over a number of years and at different interest rates, divided by the book value of those assets. CAPITAL IN EXCESS OF PAR VALUEWhat a company collected when it sold stock for more than the par value per share. Capital in excess parAmounts in excess of the par value or stated value that have been paid by the public to acquire stock in the company; synonymous with additional paid-in capital. Cost Plus Estimated Earnings in Excess of BillingsRevenue recognized to date under the percentage-of-completion method in excess of amounts billed. Also known as unbilled accounts Excess CapacityUnused production capacity. ![]() Excess DemandA situation in which demand exceeds supply. Excess reservesAny excess of actual reserves above required reserves. Excess ReservesReserves of commercial banks in excess of those they are legally required to hold. Excess return on the market portfolioThe difference between the return on the market portfolio and the Excess SupplyA situation in which supply exceeds demand. Inventory returnsInventory returned from a customer for any reason. This receipt Purchase returnsA contra account that reduces purchases by the amount of items purchased that were subsequently returned. Sales returnsA contra account that offsets revenue. It represents the amount of sales made that were later returned. Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |