Definition of basis point in English:

basis point

Line breaks: basis point

noun

Finance
  • One hundredth of one percentage point (used chiefly in expressing differences of interest rates): the Treasury will be paying an overall rate just 75-100 basis points above bill rates
    More 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.

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Pronunciation: kərf
noun
a slit made by cutting with a saw