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.

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 ?
'Pointing the finger of suspicion against a particular community, with the best will in the world, destroys all the community harmony we have built up,' he said.
Whether pointing the finger at Duchamp or digitization, Pollock or photography, all three shows addressed the f act that painting-however archaic, anachronistic, or critically short-circuited-refuses to lie down and die.
When are we adults going to start pointing the finger at ourselves?
It is that if you want to bring an answer in the world the best place to start is with yourself and your kind, whether it is your race or your country or your creed; that very little is achieved, except to put their backs up, by pointing the finger of blame at people of backgrounds different from your own.
The 33-year-old Democrat recently announced he would not be running for any elected office this year, squarely pointing the finger at redistricting for this sudden career move.
Carbide has charged sabotage, pointing the finger at times at unidentified "Sikh terrorists' or a disgruntled worker.