point

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A 1% of the value of an economic item.

This term is used to describe a change in the value of a stock, bond or other obligation. In most cases the rise of "one point" means that the required value has increased by 1%. An example to clarify this would be: If the value of a bond of &euro; 1,000 increases in price of 10 &euro;, one can say that the bonus has raised 1 point (10/1000 = 0.01 = 1% = 1 point). This system also serves the interest rates for loan or mortgage. However, when speaking of a common or an ordinary stock, the point relating to the units of the currency of denomination for the stock, which means 1 point equals 1 euro (e.g. if the price of a stock gained U.S. \$ 1.50, it means that the stock rose 1.5 points). Moreover, with some futures fluctuate cents, 1 point, then, is equal to 1 cent (eg if the value of a future goes down 50 point, this means that it has lost value &euro; 0.50). The basic point is one hundredth of a percentage point. That is, there are 100 basic points for each 1%.