permillage

[ per-mil-ij ]

noun

1. a rate or proportion per thousand. Compare percentage ( def 1 ).

Word History and Origins

Origin of permillage¹

First recorded in 1885–90; per mill + -age

Example Sentences

China Securities Depository and Clearing Company announced that it will cut transfer fees to 0.02 permillage of transaction volume from 0.3 permillage and 0.0255 permillage for Shanghai and Shenzhen exchanges respectively.

From Forbes

Fees are to be cut to 0.0487 permillage from 0.0696 permillage of the transaction volume for A-share trading, with 20% of the charges transferred to an investor protection fund, according to the joint statement of Shanghai and Shenzhen exchanges today.

From Forbes