• 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.
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| ||Basis point|
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| ||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.|
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