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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 ?
Except for Ice Point itself, the only possible place for a grave on land seems therefore the landing places of 24 and 26 June, three German miles east of Cape Nassau.
That race was on the dirt at Palermo, however, and Ice Point has scored only once in three appearances on the San Isidro turf.
Ice Point, who started at 11-2, was running for the first time since winning the Group 3 Clasico Old Man, over seven furlongs of the course, on July 9.
Spending Ice points is easy, you simply spend as many or as few points as you like to get money off your purchase or get it free and Ice will credit your discount back to your card statement.