basis point(s)
Basis point(s) refers to a way of expressing, using a base of 100, the increments of measurement between percentage points.
Additional Information
For example, 50 basis points equal one-half of 1 percent; 200 basis points equal 2 percent. Ceding commissions, collateral costs, and other quantifiable data used in insurance and reinsurance agreements may be expressed in basis points.
