Basis Point

One one-hundredth of one percent (.01%). Example: 0.04% is four Basis Points, so 5.49% is four Basis Points more than 5.45%.

Preparing Bonds

Learn about over various terms and concepts that may arise while preparing a bond issue.

See Also


One percent or 1%.

Interest Rate

The rate expressed as a percentage of the principal amount of a bond used to determine the amount of interest to be paid by the issuer or the borrower.

Hudson Yards Rail Yards

Start with the Bond Basics

Hundreds of Terms and Concepts

Arbitrage Certificate

Certificate of a responsible officer of the Issuer and/or Borrower certifying compliance with the limitations on Arbitrage imposed on the Tax-Exempt Bonds by the Internal Revenue Code.