noun
General Slang
Basis point
· noun · finance
One hundredth of a percent — the unit finance uses when 'percent' is too clumsy.
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Definitions
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0.01%. One hundred basis points = 1%. Used everywhere interest rates, yields and fees live, because 'the Fed hiked 25 basis points' is unambiguous while 'a quarter percent of a percent' isn't. Written 'bp' or 'bps', said 'bip' or 'beep' on desks.
“The Fed went 50 basis points and the curve flattened on the spot.”
by community
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Basis point In A Sentence
The Fed went 50 basis points and the curve flattened on the spot.
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