Basis Point Definition
noun
One one-hundredth of a percent, used especially in measuring yield differences among bonds.
American Heritage
A unit equal to1100 of 1 percent: used in measuring changes in interest rates, exchange rates, etc.
Webster's New World
(finance) One hundredth of one percentage point.
Wiktionary
Other Word Forms of Basis Point
Noun
Singular:
basis point
Plural:
basis-points
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