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basis point

noun

, Finance.
  1. one hundredth of one percent, as of interest rates, or investment yields.

basis point

noun

  1. a measure used for describing interest rates, equal to one hundredth of a percentage point (0.01%)
“Collins English Dictionary — Complete & Unabridged” 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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Word History and Origins

Origin of basis point1

First recorded in 1965–70

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basis of articulationbasis weight

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