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definitions

basis point

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

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%)
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