Business / Taxes / Basis Point: Yields on bonds, notes, and other fixed-income investments fluctuate regularly, typically changing only a few hundredths of a percentage point. These small variations are measured in basis points, or gradations of 0.01%, or one-hundredth of a percent, with 100 basis points equaling 1%. For example, when the yield on a bond changes from 6.72% to 6.65%, it has dropped 7 basis points. Similarly, small changes in the interest rates charged for mortgages or other loans are reported in basis points, as are the fees you pay on various investment products, such as annuities and mutual funds. For example, if the average management fee is 1.4%, you might hear it expressed as 140 basis points. Your percentage of ownership in certain kinds of investments may also be stated in basis points, and in this case each basis point equals 0.01% of the whole investment.
Basis Noun Synonyms: foundation, base, bottom, heart, footing, principle, underpinning, infrastructure
Point Noun Synonyms: spot, place, stage, position, site, station, location, locale
Point Adjective Synonyms: dot, mark, speck, (full) stop, period, decimal point
Entertainment / Ice Hockey / Points: The left and right positions taken by the defensemen of the attacking team, just inside the blue line of the attacking zone; also the term used to describe the defensemen playing at this location; als MORE
Business / Finance / Price Value Of A Basis Point (PVBP): Also called the dollar value of a basis point; a measure of the change in the price of a bond if the required yield changes by one basis point. MORE