Basis Points

Basis Points is a financial term that describes one one-hundreth of a percent (1 basis point = .0001 or .01%). Normally, the addition of basis points for bundling in extra fees will take place through sales management or pricing.

Related Terms

  • EFTA (Electronic Fund Transfer Act)

    The Electronic Fund Transfer Act establishes the rights and liabilities of consumers in addition to the responsibilities of anyone who participates in electronic funds transfers.

    Learn More

  • FOIA (Freedom of Information Act)

    The Freedom of Information Act provides either full or partial disclosure of unreleased information that is controlled by the U.S. government.

    Learn More