What is the meaning of basis point (bp)?

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One one-hundredth of one percent. Used primarily to describe changes in yield or price on debt instruments, including mortgages and mortgage-backed securities.

Barry Goldsmith
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APABarry Goldsmith. (2010). basis point (bp). Retrieved September 22, 2026, from http://smartdefine.org/basis_point_(bp)/definitions/1148459
ChicagoBarry Goldsmith. 2010. "basis point (bp)" http://smartdefine.org/basis_point_(bp)/definitions/1148459 (accessed September 22, 2026).
HarvardBarry Goldsmith 2010, basis point (bp), Smart Define, viewed 22 September, 2026, <http://smartdefine.org/basis_point_(bp)/definitions/1148459>.
MLABarry Goldsmith. "basis point (bp)" 21 October 2010. Web. 22 September 2026. <http://smartdefine.org/basis_point_(bp)/definitions/1148459>