Basis point

‱
per ten thousand sign
In UnicodeU+2031 ‱ PER TEN THOUSAND SIGN (‱)
Related
See alsoU+0025 % PERCENT SIGN
U+2030 ‰ PER MILLE SIGN (per thousand)

A basis point (often abbreviated as bp, often pronounced as "bip" or "beep") is one hundredth of 1 percentage point. Changes of interest rates are often stated in basis points. For example, if an existing interest rate of 10 percent is increased by 1 basis point, the new interest rate would be 10.01 percent.

The related term permyriad means one part per ten thousand.

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