Definition of basis point in English:

Share this entry

basis point

noun

Finance
One hundredth of one percent, used chiefly in expressing differences of interest rates.
Example sentences
  • A basis point is one hundredth of a percentage point.
  • The prospect of a 75 basis point interest rate cut had investors breathing easier by late last week, but it was another tough week overall, especially for tech investors.
  • Adding these factors, you might expect us to show modest declines in our net interest margin of about a basis point a quarter this year.

For editors and proofreaders

Syllabification: ba·sis point

Share this entry
 

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.