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
Massachusetts Governor Says Early Retirement Plan Will Save Money3 hours ago
Pennsylvania Governor Tom Wolf's 2015 Budget Address (Text)14 hours ago
Trouble for Some States, Lower Gas Prices Bring Relief to Mississippi20 hours ago
Florida's Privatized Prison System Is Chronically Underfunded1 day ago
Christie Quietly Reaps Obamacare's Budget Benefits1 day ago
GOP Governors Carry Their States' Fiscal Baggage to CPAC1 day ago