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
Stockton Bankruptcy Judge Rules against Pensions52 minutes ago
San Jose Election Tests Political Risk of Cutting Pensions1 day ago
California Has Already Burned through Its Wildfire Budget1 day ago
Detroit Public Schools Vote to Fire Emergency Manager, Again1 day ago
Texas AG Appeals School Finance Ruling to State Supreme Court2 days ago
Moody's: Largest Pensions Face $2 Trillion Hole2 days ago