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.

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 ?
At the same time, the PMI industry is unable to serve many of the higher-risk FHA boffowers.
For the reasons outlined below, we expect the FHA and the VA to have the greatest involvement with lower-income and black or Hispanic borrowers, Fannie Mae and Freddie Mac somewhat less involvement, and the PMI companies the least.
To a limited extent, PMI companies can price risk by charging higher premiums to borrowers with certain credit characteristics.
Some factors, however, suggest that PMI companies may be more likely than Fannie Mae or Freddie Mac to insure a higher proportion of mortgages extended to lower-income borrowers.
Taken together, the PMI data indicate that quarterly GDP growth was 0.
Unlike the estimated and volatile preliminary GDP data, the message from the PMI surveys is clear.
PMI has successfully implemented Gateway neighborhoods in cities across the United States, including Los Angeles, CA, Houston, TX, and Chicago, IL.
Tony Porter, Executive Vice President and Managing Director of International Markets for PMI Europe commented, "Our experience shows that the European market is not only one of the fastest growing markets worldwide, it exhibits untapped potential.
PMI Europe announced the opening of its first German office, located in Frankfurt, Germany's financial center, and the appointment of Claudia Schneider as its Country Manager for Germany, in April.
PMI Mortgage Insurance Company Limited ("PMI Europe") serves the special needs of European residential mortgage lenders and its investors by offering a variety of mortgage credit enhancement solutions tailored to accomplish regulatory capital relief, risk management, product/lending expansion and secondary market access.
These forward-looking statements include PMI's expectations with respect to PMI Europe.