basis point
noun Finance.
one hundredth of one percent, as of interest rates, or investment yields.
Origin of basis point
First recorded in 1965–70
Words nearby basis point
basion,
basipetal,
basiphobia,
basis,
basis of articulation,
basis point,
basis weight,
basisphenoid,
basivertebral vein,
bask,
baskerville
British Dictionary definitions for basis point
basis point
noun
a measure used for describing interest rates, equal to one hundredth of a percentage point (0.01%)