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Basis Point
A basis point is one one-hundredth of one percentage point. For example, the difference between a loan at 8.25 percent and a mortgage at 8.37 percent is 12 basis points.
Related Terms
Break-even point
Point
Adjusted cost basis
Appraisal
Home equity conversion mortgage
Market value
Market conditions
Tuck-point
Origination fee
Discount points
Loan origination fee
Margin
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