WORD OF THE DAY: EXCESS SPREAD - A term used in asset backed securities to describe the amount by which the yield from the loan collateral, net of charge-offs, exceeds the sum of the servicing fee and the interest paid to holders of ... More
1. ) Annual report required by the SEC each year. Provides a comprehensive overview of a company's state of business. Must be filed within 90 days after fiscal year-end. This is different from the 10-Q report which is filed quarterly.