Sentences with phrase «100th of a percentage point»
An unnamed source says the cost could be up to 25 basis points per transaction, compared to 15 down south (a basis point is 1 / 100th of a percentage point).
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Basis Points Basis Points are a unit relating to interest rates that is equal to 1 / 100th of a percentage point.
Not exact matches
A basis point (abbreviated as «bps» and sometimes pronounced «bips») is a unit that is equal to 1 / 100th of 1 %, and is often used instead of percentages when discussing interest rates, rates of return, and other percentage - based performance metrics that can occur as fractions of a percent.