diff --git a/content/references/protocol-reference/data-types/nftoken.md b/content/references/protocol-reference/data-types/nftoken.md
index 5ec39cf663..39453358db 100644
--- a/content/references/protocol-reference/data-types/nftoken.md
+++ b/content/references/protocol-reference/data-types/nftoken.md
@@ -68,12 +68,12 @@ The example sets three flags: `lsfBurnable` (`0x0001`), `lsfOnlyXRP` (`0x0002`),
 
 ### TransferFee
 
-The `TransferFee` value specifies the percentage fee, in units of 1/10,000, charged by the issuer for secondary sales of the token. Valid values for this field are between 0 and 50,000, inclusive. A value of 1 is equivalent to 1bps or 0.00001%, allowing transfer rates between 0% and 50%.
+The `TransferFee` value specifies the percentage fee, in units of 1/10,000, charged by the issuer for secondary sales of the token. Valid values for this field are between 0 and 50,000, inclusive. A value of 1 is equivalent to 1 basis point (bps) or 0.01%, allowing transfer rates between 0% and 50%.
 
 
 ### Example
 
-This value sets the transfer fee to 314, or .00314%.
+This value sets the transfer fee to 314, or 3.14%.
 
 ![Transfer Fee](img/nftokenb.png "Transfer Fee")