Which Joe gave his name to ‘sloppy joes’? We look at five interesting sandwiches and their lexical origins.
One hundredth of one percentage point (used chiefly in expressing differences of interest rates)‘the Treasury will be paying an overall rate just 75–100 basis points above bill rates’
- ‘A basis point is one hundredth of a percentage point.’
- ‘Adding these factors, you might expect us to show modest declines in our net interest margin of about a basis point a quarter this year.’
- ‘Each percentage point of inflation is associated with a 146 basis point increase in the earnings yield.’
- ‘Fifteen-year fixed mortgage rates also declined one basis point, to 5.14%.’
- ‘The prospect of a 75 basis point interest rate cut had investors breathing easier by late last week, but it was another tough week overall, especially for tech investors.’
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Before you run for the hills, let’s run through a list of ‘run’ expressions that are running through our minds.
The definitions of ‘buddy’ and ‘bro’ in the OED have recently been revised. We explore their history and increase in popularity.