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Basis point
Smallest measure used in quoting yields. One basis point is 0.01% or one one-hundredth of a percent. For example, 100 basis points equal 1%.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Financial services
- Category: Funds
- Company: Merrill Lynch
- Product:
- Acronym-Abbreviation:
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