What is the Definition of Basis Point?

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?

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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