A basis point is equal to one one-hundredth of a percentage point. For example, .01 equals one basis point of 1.00 (one percent), which is equal to 100 basis points.
Glossary Term
Glossary Term
A basis point is equal to one one-hundredth of a percentage point. For example, .01 equals one basis point of 1.00 (one percent), which is equal to 100 basis points.