Basis Point
Unit often used in finance for interest rates and other small percentages.
One basis point (or 1 bp) equals 1/100 of a percent = 0.01% = 0.0001.
25 basis points (or 25 bps) = 0.25%.
Unit often used in finance for interest rates and other small percentages.
One basis point (or 1 bp) equals 1/100 of a percent = 0.01% = 0.0001.
25 basis points (or 25 bps) = 0.25%.