• Market abbreviation for basis points. 1/100th of 1%. Thus, 1 bp means 1 basis point, 10 bp means 10 basis points. Also referred to as beeps.
| ||Embedded terms in definition|
| ||Basis point|
| ||Referenced Terms|
| ||Point: The smallest unit of price change quoted or, one one-hundredth of a percent. Related: minimum price fluctuation and tick.(1) 100 Bp = 1%. (2) One percent of the face value of a note or bond. (3) In the foreign-exchange market, the lowest level at which the currency is priced. Example: "One point" is the difference between sterling prices of $1,8080 and $1,8081.Is one percent of the principal amount.|
Tips for Trying to Fix a Clogged or "Frozen" Home Equity Line: For years, homeowners have turned to home equity lines of credit (HELOCs) as a way to borrow against their home's value to pay for college tuition, home improvements, medical bills and other major expenses. (A home's equity is the market value minus what is owed on the mortgage. If you owe $100,000 on your mortgage but your home is worth $250,000, your equity is $150,000.) More...