Price value of a basis point (PVBP)

Definition:

Also called the dollar value of a basis point; a measure of the change in the price of a bond if the required yield changes by one basis point.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Charitable remainder trust

An irrevocable trust that pays income to a designated person or persons until the grantor's death, when the income is passed on to a designated charity. A charitable lead trust by contrast allows the... Read More

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