| | InvestHub.com's
Finance Dictionary and Glossary of Investment Terms
Pip
Definition 1.
Used for listed equity securities. Smallest unit of a currency (i.e., cents for U.S. dollars).
|
Definition 2.
For a given currency, the smallest unit. In the case of U.S. dollars, this is one cent.
|
Definition 3.
When referring to listed equities, it is the smallest denomination of a currency.
|
|
|