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pip definition - finance
The smallest amount by which a price can move in a market. For example, in the foreign exchange market, a pip is one-hundredth of one percent for most currencies. Also called tick.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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ON THE PIP86 years ago

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