What Does the Acronym PIP Stand For?

Pip, which is a unit of counting, is actually an acronym that stands for “percentage in point.” In the world of market finance, a pip is the smallest move that a stock or exchange can make, or 1/100th of 1%. Informally, pip means a mark to be counted. Both the dots on a pair of dice and the dots on dominoes are called pips because they represent the marks to be counted toward a total. Pips are even found on playing cards. In addition to the number, pips in the shape of the suit are arranged in center of all the non-face cards. The reason why pips are used on dice, dominoes, and cards is not clearly known, but it is believed that it is a way to make it harder to tamper with the pieces.