one hundredth of one percent, as of interest rates, or investment yields.
Moot Point vs. Mute PointYou may have heard coworkers or acquaintances refer to an inconsequential or irrelevant point as a moot point, or maybe you’ve heard mute point instead. Fans of the TV show Friends may have heard a third variation: moo point (because, according to Joey, a cow’s opinion doesn’t matter). But which expression is correct, and what exactly does it mean? The correct phrase is moot point. …
Origin of basis point
First recorded in 1965–70
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019
British Dictionary definitions for 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