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Finance Dictionary and Glossary of Investment Terms
Excess Spread
Definition 1.
Remaining net interest payments from the underlying assets of an asset-backed security, after all payables and expenses are covered.
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Definition 2.
policy The NASD requirement that prohibits Market Makers from entering quotations on The Nasdaq Stock Market that exceed prescribed limits for maximum allowable spreads. (See Market Maker, spread, two-sided market)
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