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 ?
Riding this new wave of synergy, PMI Kyoto plans to add products to its existing cartoning, case packing and tray loading equipment lines that will launch the company's presence in an untapped region, all the while, keeping its vertically-integrated manufacturing model in Chicago.
Providing customized local service on six continents, it is fair to say PMI Foods has a worldwide presence.
Here many downloads are free and many others require a premium on projectmanagement.com or PMI membership.
PMI also creates private label products for select global retailers.
Customers who subscribe to Markit's full underlying PMI dataset also will have immediate access through Bloomberg to the complete historical time series as well as sub-indexes for variables such as new orders, employment, inventories and input/output prices, and Markit's recently launched Sector PMI survey data.
In its full-year 2013 financial report released yesterday, PMI disclosed that the decline in total cigarette output of its local-unit PMFTC Incorporated was much faster compared with the drop in the country's industry cigarette volume last year.
India was the exception among a group of generally upbeat PMI reports in Asia.
May marked the eighth consecutive month that the PMI figure stayed above 50 percent, which demarcates expansion from contraction, according to a statement of the CFLP.
PMI's global reach spans across more than 185 countries and is established in numerous fields.
Russian manufacturing PMI edged down to 52.3 in November from 52.9 in October, according to Markit Economics yesterday (3 Dec).
EU: PMI The eurozone's manufacturing PMI increased to 45.1 in August from 44.0 in July, escaping from its 37-month low.
Barbara Good, Physician Practice Advocate for the West Virginia State Medical Association, located in Charleston, WV, has been selected to serve on the Practice Management Institute (PMI) 2012-2013 National Advisory Board.