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 ?
SUSE Linux Enterprise Point of Service can be quickly deployed and easily updated on point of service devices using a central administration server and local branch servers.
We welcome Novell's release of SUSE Linux Enterprise Point of Service and look forward to working with them to deliver flexible and proven customer solutions."
[4] If we wait for a point of service, we may delay tracking, or we may actually miss a few medical transactions that do not involve an encounter.
(This may or may not be the point of service.) Medicine Optimally Managed is different from other database systems in that it interfaces an intelligent, caring, expect communictor who is knowledgeable about the patient and the policies and procedures of the managed care system.