What do a.m. and p.m. stand for?

basis point

noun, Finance.
one hundredth of one percent, as of interest rates, or investment yields.
Origin of basis point
1965-70 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
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Examples from the web for basis point
  • Pension and other funds made high leverage possible by chasing every last basis point of yield.
British Dictionary definitions for basis point

basis point

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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