Basis point(s)

{
  "id": "MLC-T-INS-000536",
  "term": "Basis point(s)",
  "field": "Insurance and risk management",
  "definition": "A standard unit of measure for interest rates and other percentages in finance, representing one-hundredth of one percent (0.01%). The term avoids the ambiguity of whether a change in an interest rate is absolute or relative. For example, an increase from 2% to 3% is a change of 100 basis points, not a one percent change.",
  "url": "https://mlchart.com/terminology/insurance/basis-point-s/"
}