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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 ?
In the first case, if [p.sub.i] is a source point and [q.sub.i] the corresponding point in the target point cloud and M is the transformation matrix, then the sum of squared distances has to be calculated and minimized [2]:
The genuine point set G, chaff point set C, and the number of the minimum corresponding points [tau] are stored in a Fuzzy Vault, where [tau] is subject to the capacity of the fingerprint scanner and the minutiae detecting algorithm.
(2) [absolute value of x] is the distance of x to [alpha], [absolute value of [pi] - a] is the distance of the corresponding point [pi] to [alpha].
There is then a corresponding geodesic i' [member of] [M.sup.3] issuing from the corresponding point O' [member of] [M.sup.3].
Saturday's six-race card has attracted 259 entries at the five-day stage, one less than at the corresponding point for the meeting boycotted by riders on August 22, but Blake was not disappointed that so many trainers had entered horses at a meeting at which jockeys had voiced their concerns about riding.
A coloured line links each root comment to a corresponding point on a slider bar that expresses the time of the lecture video.
The Video Playback Indicator enables manufacturers to play back each frame of a video recording with the corresponding point on the force-distance-time graph, thus allowing a more accurate interpretation of the test to be achieved.
The corresponding point on the human model is the H-point, or the point midway between the model's hip joints.
However, the closing level signified a decline of 690.58 points from the corresponding point at the end of the previous fiscal year on March 31, 1998.
A corresponding point system also motivates students to read more challenging articles.