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.

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.

References in periodicals archive ?
(38) Other studies related to exercise showed that, compared to other exercise types, aerobic exercise was more effective on sleep, number of painful points, pain, and signs of depression.
As revealed first by gazettelive.co.uk yesterday, a league Disciplinary Commission handed out the painful points penalty as punishment for Pools fielding an ineligible player.
Many more, smaller, painful points follow such an incident, but I trust you grasp what I've been trying to tell you.