What is the Definition of Basis Point?
0.01 percent of the yield of a mortgage, bond or note. The smallest measure used.
Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/
Label: Insurance
Theme: Dictionary of Insurance Terms
Other Questions: What is the definition of Insurance?
What is the Definition of Basis Point?
Check out other definition of insurance terms below:
What is the Meaning of INTEGRATED BENEFITS In Insurance Terms?
Coverage where the distinction between job-related and non-occupational illnesses or injuries is eliminated and workers compensation and general health coverage are combined. Legal obstacles exist, however, because the two coverages are administered separately. Previously called twenty-four hour coverage.
What is the Meaning of INTEREST-ADJUSTED COST COMPARISON INDEX In Insurance Terms?
A cost comparison index used to compare life insurance policy costs that takes into account the time value of money. By comparing the index numbers derived for similar life insurance policies, a consumer has some basis on which to compare the costs of the policies. (See Net payment cost comparison index; Surrender cost comparison index)
What is the Meaning of INTEREST-SENSITIVE INSURANCE In Insurance Terms?
A general category of insurance products in which the face amount and/or the cash value vary according to the insurer’s investment earnings.
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