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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.

basis | Batson challenge

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almost all of my apps have been UR for 6 weeks at this point I feel exhausted waiting for them to finish
Irvine is being snobby and wont start any review until end of Nov.
Yeah, it’s tough. I’m distracting myself by playing good video games after work :)
im distracting myself by schizo-scrolling r/lawschoolamissions and every conceivable data point on this godforsaken website
it is not working
Haaa I naturally want to do that too. I’m trying to stop. They need a surgeon general’s warning on this site for perspective law students
i spend more time on here then anything else trying to rationalize that the waves from last year will match waves for this year (they won't) and that the stats of people with the same stats are indicative of my own (they aren't)
There aren't many people in my stat range so I pretty much know every result in my range after being on here for a few years
9:28
congrats on the 172 bruce
go dawgs fr
9:29
roll tide
do we foresee a fordham election day wave today (i'm delusional)
WorthlessAttractiveZombie
9:31
I think so, Jack
9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
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