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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 ?
The truth is that the Canadian media had begun to accuse anyone who pointed the finger at "gays" for polluting the blood.
FORMER music mogul Tony Wilson today pointed the finger at Popstars judge Pete Waterman for killing off the British music industry.
Mark Butcher, who top-scored with 20, pointed the finger at the overcast weather and green pitch.
As a white South African said in effect, echoing the experience of others, `Everywhere I have been people have pointed the finger at my country and I have resisted.
Herbert also pointed the finger at celebrities less easy to hate than Kathie Lee--Andre Agassi, Spike Lee, or Michael Jordan, for example, who makes $20 million a year pitching Nikes--and insisted they confront their own complicity in promoting sweatshop conditions abroad.