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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.

point

(Item), noun argument, caput, consideration, designated ground, detail, feature, ground, issue, matter, particular, reason, res, specific, thought
Associated concepts: point of law, point of order

point

(Period of time), noun conjuncture, exact mooent, hour, instant, interval, juncture, moment, occasion, precise moment, second, specific moment, stage, time

point

(Purpose), noun aim, core, design, end, essence, goal, import, intent, intention, motive, object, objective, purport, reason, significance, substance
See also: argument, aspect, border, case, characteristic, clue, consequence, content, contention, degree, detail, direct, edge, end, feature, gist, import, intent, issue, item, location, matter, matter in dispute, meaning, motive, object, objective, occasion, particular, period, phase, pinnacle, posture, property, provision, purpose, refer, remark, show, significance, signification, situation, situs, standpoint, subject, target, technicality, term, termination, tip

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.

References in periodicals archive ?
The level of protection varies, however: Whereas PMI companies typically limit coverage to 20-30 percent of the claim in a mortgage default, the FHA covers 100 percent of the unpaid balance of the mortgage to the lender as well as most costs associated with foreclosure and sale of the property.
Fitch affirms the rating of the 'AAA' mortgage-backed securities that are supported by pool insurance policies issued by PMI.
Campbell, 212-908-0695, both of Fitch/ CO: PMI Mortgage Insurance Co.
The RBS/CDAF Manufacturing PMI survey dipped only slightly in Q3 after hitting a six-year peak in Q2, and has remained strong in the first two months of Q4.
PMI Guaranty expects that a small percentage of the transactions it underwrites will be to mezzanine layered tranches of RMBS and NIMs, and expects a limited portion of its mezzanine transactions to be rated below investment grade.
In May, PMI announced it had filed an application with the Office of the Superintendent of Financial Institutions to write mortgage insurance in Canada.
PMI currently has operations in Australia and New Zealand, Europe, and Asia as well as the United States and recently announced it had filed an application to provide mortgage insurance in Canada.
About BIS Shrapnel: BIS Shrapnel Pty Limited (BIS Shrapnel), which produced the PMI Australia Residential Property Overview, is an independent firm with no financial interest in any of the industry sectors or companies that it researches and analyzes.
In the exchange offer, PMI is offering to exchange, upon the terms and subject to the conditions set forth in the prospectus relating to the exchange offer and the accompanying letter of transmittal, a new series of 2.
Tony Porter, Managing Director, International Markets, commented, "In his tenure with PMI Jonathan has deftly supported our customers in Hong Kong and has been instrumental in the establishment of PMI Asia.
PMI has extended its market reach and presence in Australia and New Zealand through innovative products that offer broader coverage and enable lenders to offer loans with reduced down payments.
The net share settlement feature would allow PMI to satisfy its obligation due upon conversion to holders of the new debentures in cash for a portion of the conversion obligation, reducing the share dilution associated with the conversion of the new debentures.