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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