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
Insurance Concerns: Half of Louisiana's Recently Flooded Homes Not in 'High-Risk' Areas20 hours ago
The Week in Public Finance: Pensions' Funding Gap, An Assault on Fees and More20 hours ago
New Tennessee Drunk Driving Law Endangers Federal Road Funding20 hours ago
Hawaii Ends Year with Record $1 Billion Surplus21 hours ago
Virginia Faces Budget Shortfall Much Worse Than Expected21 hours ago
California Aims Retirement Plan at Those Whose Jobs Offer None21 hours ago