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Basis points (view source)

Revision as of 23:33, August 25, 2020

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A '''basis point''' in finance is 1/100th of 1%.
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A '''basis point''' in finance is 1/100th of 1%.  It is almost always used in the plural and thus its abbreviation is "bps".
    
Thus 100 basis points is equivalent to 1%.
 
Thus 100 basis points is equivalent to 1%.
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