basis point

WordReference Random House Unabridged Dictionary of American English © 2025

ba′sis point′, [Finance.]

1. Banking, Business one hundredth of one percent, as of interest rates, or investment yields.

• 1965–70

Collins Concise English Dictionary © HarperCollins Publishers::

basis point noun

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