basis point

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

Origin:
1965–70

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World English Dictionary
basis point
 
n
a measure used for describing interest rates, equal to one hundredth of a percentage point (0.01%)

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Example sentences
Pension and other funds made high leverage possible by chasing every last basis point of yield.
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