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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 ?
The best model of fitting function for the relationship between convergence point and total iteration numbers is polynomial function g(x) = [p.sub.1] * x + [p.sub.2], which is found by MATLAB curve fitting toolbox.
When the interference leakage at the convergence point is assumed to be approximately zero as shown in (A.
"As a matter of practice, we always set the convergence point first, then focus.
It serves as a convergence point for national and international companies to explore business opportunities in Pakistan.
DUPHAT serves as the convergence point for pharmacists, physicians, scientists, marketing professionals, researchers, paramedical professionals, drug developers, dealers, agents, manufacturers, distributors, medical representatives, clinicians, pharmaceutical analysts & consultants, product specialists, key decision makers, pharmacy practitioners, trade visitors and members of academia.
Expressing surprise at what he called the "deafening silence of the international community" toward Israel's policies in Al-Quds, OIC Secretary-General Ekmeleddin Ihsanoglu appealed to the world to preserve Jerusalem (which is also referred to as Al-Quds) as the convergence point of the world's three monotheistic religions.
By overlaying results from each of the sensor pairs, a convergence point can be identified; the source location.
CoSine's DNA application, enabled by CoSine's recently announced IPSG+ service processing module, helps service providers consolidate end user traffic at the network aggregation layer, the convergence point for large volumes of DSL traffic.
The first new system, the pneumatic muscle actuator, is a silicone tube reinforced with a braided Vectran[R] fiber that is inserted between the cargo slings and the parachute convergence point. A stick trigger hanging beneath a dropped platform strikes the ground and activates a generator that expands the actuator.
By exponentially increasing the available last-mile bandwidth, the bottleneck can be moved from the LAN-WAN convergence point back to the backbone.
A special feature of tempo canons is the moment at which the echo distance is reduced to zero, referred to by Gann as the convergence point. Convergence points often serve as a structural climax, whether occurring at the beginning, ending, in the middle, or at numerous moments in between.

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