WordValeexpression
basis point
one hundredth of one percent
In more detail
1. (noun) a unit equal to one hundredth of a percent (0.01%), used especially when discussing changes in interest rates or yields
2. (noun) a fundamental assumption or starting point for a calculation or agreement
Examples
- 1. The central bank raised interest rates by 50 basis points.
- 2. The contract was negotiated on the basis point that both parties wanted a fair deal.
Learn it for good
Save this word in WordVale and it comes back for review right before you'd forget it — with pronunciation, real examples, and optional translations. One purchase, no subscription.
Get WordValeFREE 7-DAY TRIAL · iPHONE & iPAD