Based on Your Previous Answers, We Have a Few Last Questions
These additional details allow our attorneys to gain a deeper understanding of the specifics of your case
×
Were you able to find answers to your questions?
Get a free consultation with a highly rated lawyer
Get a free consultation
Basis Point Definition
A basis point is a unit of measure used in describing interest rates. One basis point is equivalent to 1/100th of a percent, or 0.01%. For example, if the prime rate increases by 50 basis points, it means that the rate has risen 0.5%.