Definition of "quarter-point" []

• Nautical, the fourth part of a point, or 2° 48′ 45″. (noun)

The Century Dictionary (Public Domain)

• "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."