One tenth of a cent.
It is also referred to as a "Basis Point." This term is often used to express the change or spread on mortgage and other lending rates that trade fractionally higher or lower on any given day.
One thousandth of a cent. [One percent of a dollar is one cent.]
A cent is one hundredth of a dollar (in fact, the word "cent" is from a Latin word meaning "hundred"). So no, one tenth of a penny is not one hundredth of a dollar. (It is actually one thousandth of a dollar.)
What is one thousandth
The prefix meaning "one thousandth" is milli-. For example, a thousandth of a metre is a millimetre. A thousandth of a gram is called a milligram.
The prefix for "one thousandth" is milli. Therefore, one thousandth of a second is a millisecond.
One thousandth of a cent. [One percent of a dollar is one cent.]
That's called a "millage tax" or simply a "millage", because one thousandth is one mil .
mill
Mill
Same difference!
Mill
A fee levied on property at one thousandth of a dollar is usually property taxes. Different types of property taxes are assessed on realty depending on the location of the property.
A cent is one hundredth of a dollar (in fact, the word "cent" is from a Latin word meaning "hundred"). So no, one tenth of a penny is not one hundredth of a dollar. (It is actually one thousandth of a dollar.)
What is one thousandth
Our 22nd and 24th President Grover Cleveland appeared on the 1000 dollar bill
Property tax in the US is calculated in mils, which is 1/1000 of a dollar (1/10 of a cent.)
Oh, dude, there are 10 ten-thousandths in one thousandth. It's like breaking down a dollar into pennies, but way more decimal places. So, if you're ever in a situation where you need to know that, you're welcome.