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

Financial meltdown

Refers to events like steep fall in stock markets, decline in asset values, corporate losses etc. that hurt the economy and lead to losses for investors.

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