Layout railing installation to determine post locations. b. Beneath all post locations install at least two 2x8 blocks using at least three #10x3 Â½â deck screws penetrating. through the joists at least 1 Â½â into the blocks (see diagram for details) Raise bottom. insert temporarily. to allow room to.
What it is: A basis point is the smallest measure used in quoting yields on fixed income products. Basis points also pertain to interest rates. One basis point is equal to one one-hundredth of one percentage point (0.01%). Therefore, 100 basis points would be equivalent to 1%.
The term basis points avoids the ambiguity in discussions about rates. Confusion could arise in a statement such as, a 1% increase from a 10% interest rate. The 1% increase could be interpretted as either an increase from 10% to 10.1% (relative) or 10% to 11% (absolute). Using basis points clarifies the amount in question.