1/100 of a percent. Basis points are used as a unit of measurement in contexts where percentage differences of less than 1 percent are discussed. This is commonly used when referring to interest rates or investment yields.
Join the Discussion
After you comment, click Post. You can enter an anonymous Display Name or connect to a social profile.
LATEST FINANCE HEADLINES
Texas May Increase the Number of Toll Roads in the State2 days ago
Many Places Tax 'Summer People' Different from 'Townies'2 days ago
Income Growth Varies Widely Across States2 days ago
The Week in Public Finance: Money, Money and, Well, Money2 days ago
Are Oil and Gas Operators Cheating Texas Landowners?3 days ago
San Francisco Will Try Again on Airbnb Law3 days ago