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%.

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

Term of the Week


A meeting of all the parties prior to the closing, often held the day before the closing.