Excess kurtosis

EXCESS KURTOSIS - Kurtosis measures the "fatness" of the tails of a distribution. Positive excess kurto...
EXCESS LOAN SERVICING - an asset established when loans are sold to yield a rate to the buyer that is h...

excess kurtosis: Sample kurtosis minus 3, which means when 'excess kurtosis' is positive, there is greater kurtosis than in the normal distribution.
Source: Campbell, Lo, and MacKinlay, p 17
Contexts: finance; statistics ...

It is sometimes adjusted to put the kurtosis of a normal distribution at zero (although some mathematicians then call it "excess kurtosis").

Excess kurtosis means that distribution has fatter tails than a normal distribution. Fat tails means there is a higher than normal probability of big positive and negative returns realizations.
Excess margin ...

Normal probability distribution
A probability distribution for a continuous random variable that forms a symmetrical bell-shaped curve around the mean. This distribution has no skewness or excess kurtosis.

This distribution has no skewness or excess kurtosis. Normal portfolio A customized benchmark that includes all the securities from which a manager normally chooses, weighted as the manager would weight them in a portfolio.

See also: Expense, Banks, Compensation, Stock symbol, Effective rate