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
To Keep Drug Prices Down, States May Pay Based on Effectiveness1 hour ago
After Raising Taxes Twice to Hire More Cops, Indianapolis Has Fewer Than Before2 days ago
Tiny, Mayorless Ohio Town Deemed 'Unauditable'2 days ago
The Week in Public Finance: Troublesome Sports Arenas, Buying Muni Bonds and California's Tenuous Recovery2 days ago
In Cash-Strapped States, Voters Could Protect Transportation Funds3 days ago
Court: Kentucky Governor Lacks Authority to Cut Universities' Funding3 days ago