Nautical, the fourth part of a point, or 2° 48′ 45″.(noun)
The Century Dictionary (Public Domain)
Use "quarter-point" in a sentence
"What is bewildering is the RBI's choice to continue with what it calls "calibrated" tightening, or a quarter-point increase every month or so."
"A quarter-point savings on a $417,000, 30-year fixed-rate jumbo mortgage translates to more than $20,000 in savings over the life of the loan."
"Five external members of the committee at its meeting held on Oct. 19 suggested the RBI leave its key rate unchanged, while one member favoured a quarter-point increase, showed the minutes released on the RBI website."