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LSDefine

Simple English definitions for legal terms

basis point

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A quick definition of basis point:

A basis point is a tiny unit of measurement used in finance to show how much an interest rate has changed. It is equal to 1/100th of 1% or 0.01%. For example, if the interest rate on a loan goes up by 25 basis points, it means it has increased by 0.25%. People in finance use basis points to compare different interest rates and see how much they differ from each other.

A more thorough explanation:

A basis point is a unit of measurement used in finance to indicate a change in the interest rate of a financial instrument. It is equal to 1/100th of 1% or 0.01%. For example, if the interest rate on a loan increases by 25 basis points, it means that the interest rate has increased by 0.25%.

Basis points are commonly used to denote the difference between two interest rates. For instance, if the interest rate on a savings account is 2.5% and the interest rate on a mortgage is 4.5%, the difference between the two rates is 200 basis points (4.5% - 2.5% = 2%, which is equal to 200 basis points).

Overall, basis points are a useful tool for measuring changes in interest rates and comparing different financial instruments.

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W HER BABY
13:23
saw that, crazy that she cant just hold the fucker in for a day longer
LMFAO
babycat
13:23
gulc going to hell I’m so serious
glovediedthisishismom
13:24
thats definetly horsey on an alt
glovediedthisishismom
13:24
no way any professor did that
13:25
thrifted a vintage burberry suit today and feeling unstoppable
Dkk
13:26
Nice
glovediedthisishismom
13:26
im in the field like a defensive lineman im always in saks 💯
1a2b3c4d26z
13:26
That's awesome
1a2b3c4d26z
13:26
real ones shop at bergdorf
13:28
real ones shop at YMH
triplethread
13:28
i missed another fordham wave
triplethread
13:28
mamas getting denied
JumpySubsequentDolphin
13:29
the bergdorf on 5th Ave in NYC is so
JumpySubsequentDolphin
13:29
it feels like home
Dkk
13:29
I'm at your mommas house rn: https://x.com/Mansavelli_/status/1648073454665572352
triplethread
13:29
im addicted to reacting to all of the decisions
triplethread
13:29
with the emojis
HopefullyInLawSchool
13:29
I shop at Joe
HopefullyInLawSchool
13:29
Joe's
glovediedthisishismom
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i shop at tawget
glovediedthisishismom
13:30
im dawk gawthic maga
triplethread
13:30
i shop at giant eagle
ForDizzyDJoy
13:31
How did i miss Fordham and American’s wave and I applied in september 🙃
13:33
Lol UC Davis took me of ED and put me in RD
13:34
surprised I didnt get straight denied
HopefullyInLawSchool
13:34
they emailed you/
HopefullyInLawSchool
13:34
?
13:35
@HopefullyInLawSchool: Yea, I just got it
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