$100 billion in online home loans
Better
Frequently asked questions

What's the definition of basis points or BPs?

Basis points (also known as BPs, and pronounced as "bips") are a unit of measurement. They're equal to one one-hundredth of one percentage point (0.01%)—one permyriad if we really want to get technical. Basis Points are used to remove any kind of ambiguity when referring to the specifics of an interest rate.