bp (Basis Point) is 1) one hundredth of 1 percentage point that is a unit of measure used in finance to describe the percentage change in the rate, index or other benchmark. Changes of interest rate is often stated in basis points. One Basis Point is equivalent to 0.01% (1/100th of a percent) or 0.0001 in decimal form. (e.g., an interest rate of 10% increased by 1 bp, it changed to 10.01%); 2) BP plc (formerly The British Petroleum Company) is a British oil and gas company headquartered in London, England.
Related Definitions in the Project: The Property and Unit; Commercial Definitions
