Point

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Point

A distinct proposition or Question of Law arising or propounded in a case. In the case of shares of stock, a point means $1. In the case of bonds a point means $10, since a bond is quoted as a percentage of $1,000. In the case of market averages, the word point means merely that and no more. If, for example, the Dow-Jones Industrial Average rises from 8,349.25 to 8,350.25, it has risen a point. A point in this average, however, is not equivalent to $1.

With respect to the home mortgage finance industry, a fee or charge of one percent of the principal of the loan that is collected by the lender at the time the loan is made and is in addition to the constant long-term stated interest rate on the face of the loan.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.

POINT, practice. A proposition or question arising in a case.
     2. It is the duty of a judge to give an opinion on every point of law, properly arising out of the issue, which is propounded to him. Vide Resolution.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
Knight Frank acted on behalf of Fusion Point Development.
The deferral until next month has put a question mark over the project as, even if approved, it would be unlikely to be finished by early 2014 - when the law firm's existing leases on offices at Fusion Point and Hodge House in the city expire.
at view was lost in the 1960s when the timber oat gave way to the abattoir, which in its turn has given place to smart new Fusion Point oces and the rapidly rising Cardiand Vale Community College.
Its volume business, Involegal, has a short-term lease on 18,000sq ft at the Fusion Point office scheme.
Knight Frank investment partner Rob Jones said:" In the last few months we have been involved in investment deals with a value of more than PS100m including the sale of Hodge House and Fusion Point in Cardiff.
performance we're The new jobs will be located at Conduit's new offices at the Fusion Point office scheme in the centre of Cardiff.
Fusion Point 2, a 60,000sq ft office development located on Dumballs Road, has been acquired by Fidelity Worldwide Investment.
The Swiss-founded firm has had an office at Fusion Point, Tresillian Way, off Dumballs Road, since 2004 and currently employs around 360 people.