top of page
.png)
Definition
A unit of measure equal to 0.01% (one one-hundredth of a percentage point). Often used in discussing interest rate changes (e.g., an increase of 50 basis points means a 0.50% increase)."
Basis Point
bottom of page
A unit of measure equal to 0.01% (one one-hundredth of a percentage point). Often used in discussing interest rate changes (e.g., an increase of 50 basis points means a 0.50% increase)."