A unit of measure when used as a real estate finance term amounting to one hundredth of one percent is:

Question

Quizplus · Accepted Answer

A basis point is a unit of measure used in real estate finance which is equal to one hundredth of one percent (0.01%). It is often used to express differences in interest rates or other percentages that are too small to be expressed in percentages or fractions. One discount point is equal to one percent (1%) of the loan amount, while a fraction and one point are not equivalent to a basis point.

A Unit of Measure When Used as a Real Estate