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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 ?
CHASE: Two dogs run after hare yesterday Picture: TONY SPENCER/ REUTERS; PROPRO; Police arrest hunt supporter as the stand-off continues; ANTIANTI; Demonstrator makes point at start of three-day event; DEMO: Campaigner
Goldsmith makes points that go beyond what one might expect from this guide, providing suggestions such as where and how to shelve graphic novels and efforts librarians can make to become better known as experts in their community.
In the pursuit of understanding, he makes points through logical, accessible argumentation that is never divorced from humor or doubt.
In her essay on literary philosophers Vladimir Nabokov and Roland Barthes, Smith makes points that writers and readers will like: Nabokov basically says the writer is his or her own ideal reader--to read a writer well, one needs to read like they do.