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 ?
Every swim counted with vital points added to the overall team score, which included both individual and relay races.
Cardiff Draconians emerged with vital points from their relegation clash with visitors Llanharry AFC as a hat-trick by Liam Williams and a brace by Leighton James sealed a 5-0 win over the visitors.
7.45pm VICTORIA PARK GATESHEAD v WREXHAM ANDY MORRELL is adamant his players are professional enough to be able to put a possible appearance at Wembley to the back of their minds and instead focus on securing three vital points against Gateshead tonight.
2 THE race for the Welsh Premier title took a significant twist at the Nantporth Stadium as champions Bangor City dropped two vital points with Andy Legg's men pulling back a two goal deficit to snatch a point.
Madrid, April 10 (BNA) -- Bar a came from behind to take three vital points and beat Almeria 3-1 at the Nou Camp tonight with a goal from Thiago and two from Messi, one a penalty, that send them to the Bernabeu next week with an 8 point lead.
The world number five produced some superb play but his Spanish opponent was sharper, especially on the vital points with Murray's lack of tennis evident as he made a number of unforced errors.
Vital points Stratford tried in vain to launch a fightback in the second period, but the home side held on for three vital points.
Expert coaches teach the vital points of phonics while instructing how to play a sport ranging from basketball to kayaking.
"You don't know the psychological consequences it can have on a team in the next five or six vital points until you bounce back," said Wenger.
Skipper Gerrard's (pictured) main focus is ensuring Liverpool pick up three vital points at Charlton tomorrow.
These documents alone make a substantial contribution to Michelangelo scholarship, allowing scholars to confirm dates, payment amounts, and many other vital points. In addition, they present a detailed picture of Renaissance banking practices and an artists' social and financial network.
The defender, whose crucial header at Sheffield United days earlier gave Town three vital points, scored again in almost identical fashion at 37 minutes to cancel out Matthew Holland's opener.