Basis Point
A basis point is the equivalent of one one-hundredth of a percentage (.01). For example, eight percent is equal to 800 basis points.
Source: http://investor.gov/glossary/glossary_terms/basis-point#.Usxi-mRDuEg
A basis point is the equivalent of one one-hundredth of a percentage (.01). For example, eight percent is equal to 800 basis points.
Source: http://investor.gov/glossary/glossary_terms/basis-point#.Usxi-mRDuEg