What is Basis Point?

Legal Definition
₳ ​ ฿ ​ ₵ ​¢ ​₡ ​₢ ​ $ ​₫ ​₯ ​֏ ​ ₠ ​€ ​ ƒ ​₣ ​ ₲ ​ ₴ ​ ₭ ​ ₺ ​₾ ​ ℳ ​₥ ​ ₦ ​ ₧ ​₱ ​₰ ​£ ​ ៛ ​₽ ​₹ ₨ ​ ₪ ​ ৳ ​₸ ​₮ ​ ₩ ​ ¥

A basis point (often denoted as bp, often pronounced as "bip" or "beep") is one hundredth of a percent.
-- Wikipedia
Legal Definition
A unit that denotes a change in the interest rate of a financial instrument and is equal to 1/100th of 1% or 0.01%.
Legal Definition
The smallest point of yield on an instrument. It can be one hundredth of a percent when one percent is 100 basis points.