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{{a|plainenglish | {{a|plainenglish|}} | ||
All-purpose financial services jargon which, if uttered in relation to a [[basis point|point]], means one hundredth of a percentage point, and when comparing two things, means the unhedged difference between them. Hence “[[basis risk]]”. | All-purpose financial services jargon which, if uttered in relation to a [[basis point|point]], means one-hundredth of a percentage point, and when comparing two things, means the unhedged difference between them. Hence “[[basis risk]]”. | ||