Special policies put on properties obtained through gift or inheritance, as well as to the value of stock funds held for a duration throughout which profits are reinvested. The term is regularly made use of to describe adjustments to rates of interest. For example, if a home mortgage's rate goes from 4.63 to 4.41 percent, you would claim that it dropped by 22 basis points. This term is more specific than claiming it decreased by 0.22 percent.