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 ?
The acromioclavicular (AC) joint is located between the acromion (part of the scapula that forms the highest point of the shoulder) and the clavicle.
Fired from Venola's .375 H&H M1917 rifle, the 75-yard shot impacted the quartering-to bull just inside the point of the shoulder. Penetrating the ribcage into the vital cavity, the bullet plumbed the massive animal stem to stern and was later recovered in the pelvic area.
He landed on the point of the shoulder, and strapping rather than an operation has been recommended."