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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 ?
She had been brought back to court following two failures to attend drug rehabilitation appointments, but Mr Munro pointed out: "There is a report in support of the breach which indicates a complete breakdown in her attendance." Nick Devine, defending, conceded: "Anything other than custody would just result in a return to her previous life, because drugs have had such a strong hold over her."
Munro points out that one of the shortcomings of the present UK law is that there is no guarantee that self-reporting an offence will prevent the SFO from prosecuting the company, which is a major disincentive to self-reporting.
Every college wants a diverse population of students, Munro points out.