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basis point

noun Finance.
  1. one hundredth of one percent, as of interest rates, or investment yields.
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Origin of basis point

First recorded in 1965–70
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

British Dictionary definitions for basis point

basis point

noun
  1. a measure used for describing interest rates, equal to one hundredth of a percentage point (0.01%)
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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