What's the meaning of the Per ten thousand sign »
Per ten thousand sign
This page is about the meaning, origin and characteristic of the symbol, emblem, seal, sign, logo or flag: Per ten thousand sign.
A per ten thousand sign or basis point (often denoted as bp, often pronounced as "bip" or "beep") is (a difference of) one hundredth of a percent or equivalently one ten thousandth. The related concept of a permyriad is one part per ten thousand. Figures are commonly quoted in basis points in finance, especially in fixed income markets.
The same unit is also (rarely) called a permyriad, literally meaning "for (every) myriad (ten thousand)". If used interchangeably, the permyriad is potentially confusing because an increase of one basis point to a 10 basis point value is generally understood to mean an increase to 11 basis points; not an increase of one part in ten thousand, meaning an increase to 10.001 basis points. This is akin to the difference between percentage and percentage point.
A permyriad is written with U+2031 ‱ PER TEN THOUSAND SIGN which looks like a percent sign (%) with three zeroes to the right of the slash.
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Graphical characteristics:
Asymmetric, Open shape, Monochrome, Contains both straight and curved lines, Has no crossing lines.
Category: Mathematical Symbols.
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Citation
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"Per ten thousand sign." Symbols.com. STANDS4 LLC, 2021. Web. 6 Mar. 2021. <https://www.symbols.com/symbol/per-ten-thousand-sign>.
