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What’s in a Basis Point?

by | March 1, 2008 | Understanding Payments | 1 Comment

A basis point is a financial unit of measurement. One basis point is equal to 1/100th of 1%, and is used to denote a change in a financial instrument. One basis point could be written as 1 basis point, or 0.01%, or .0001. Therefore, 100 basis points equals 1.0%. The...
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