Basis Point
One-hundredth of a percentage point (0.01%). Used to describe small changes in interest rates, yields, or expense ratios. 100 basis points = 1%.
Related Terms
Ask Price
The lowest price at which a seller is willing to sell a security. Also called the offer price. The d...
Average Price
The weighted average cost at which you purchased shares of a stock, calculated by dividing total cos...
Bid Price
The highest price a buyer is willing to pay for a security. Together with the ask price, it forms th...
Brokerage
The commission or fee charged by a broker for executing buy or sell orders. Discount brokers in Indi...
CMP
Current Market Price. The latest traded price of a security on the exchange. Used as the reference f...
Day Trading
See Intraday Trading. Buying and selling securities within the same trading day to profit from short...