Tool Tip and in-game bullet resist stats only reflect 40% and not 45%. This reflects in the lobby and sandbox environment, did not test while in a real game just exploring builds and noticed this. Doesn't matter which character though.
Damage Resistance refers to the Bullet, Melee, and Spirit Resist statistics which reduce incoming damage taken. Bullet Resist reduces all weapon and melee damage, Melee Resist reduces only melee damage, while Spirit Resist reduces all spirit damage. Units have a unique "Damage Resistance" stat...