Basis Point |
One hundredth of a percent (0.01%) |
REMARKS | A basis point is simply 1/100th of one percent. | The smallest measure for quoting yields | Each percentage point of yield equals 100 basis points | An interest rate of 5% is 50 basis points higher that a rate of 4.5% | Also referred to as BPS, BIPS and prounounced "bips". |
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