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 ?
as well as from investors from such disparate points on the globe as Italy, Israel and Puerto Rico, she's ready to counsel prospective buyers from Japan.
Obviously, the meaning of the word values tends to become confused in the milieu of conflicting interests and disparate points of view.
Q: In your new book, High Tide in Tucson, in the essay, "The Spaces Between," you write, "I'm drawn like a kid to mud into the sticky terrain of cultural difference." You say, "I want to know, and to write, about the places where disparate points of view rub together - the spaces between.