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
Michigan Voters Refuse Tax Hike for Roads6 hours ago
The Real Reason Disparities Exist in Education Funding10 hours ago
How Tax Amnesties Help State Budgets20 hours ago
How Much Did States Spend Battling This Winter?22 hours ago
Raising Taxes for Roads Faces a Test in Michigan1 day ago
Rick Scott Absent in the Midst of Florida Budget Crisis2 days ago