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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 ?
"They were left bewildered and driven to despair at becoming, often with their children, the victims of a sanctions regime that is at times so counter-productive it just seems pointlessly cruel.
Return of the Gar documents the prehistoric alligator gar, a large fish which has been pointlessly killed in its North American range largely because of its size and teeth, and because oil spills and other environmental alterations to its breeding grounds have resulted in further erosion of its number.
And it's always a source of guilt that I have to point them to such a pointlessly prolonged and dicult recipe.
Still, this isn't as pointlessly blokey as Top Gear and petrolheads will love r learning about classic motors.
It's that they see discrepancies where none exist, sending the blameless pointlessly on two notorious errands.
The farcicall cyclical structure of Sneeze is embedded in all of Rotten berg's work; she is fixated on producing the pointlessly mundane--whether sneezes or, in other works, things like maraschino cherries or "units of dough"--under the spell of unmanageable nonsense.
Commenting the concern of the Government and the National Bank on the outflow of Macedonian capital in Greece, Erol Rizaov concludes for Utrinski Vesnik that we are pointlessly mourning for something that every boss in the world foes, when he takes the profit from his assets if he respects the domestic laws and pays its duties to the state regularly.
Teesside Against the War says 440 British soldiers have died and billions of pounds have been spent pointlessly in the war.
Everton captain Neville (@fizzer18) tweeted: "Have u seen front page of the sun this morning disgraceful journalism-what chance have we got!" Yelland (@davidyelland), who edited The Sun for five years, said: "So little compassion for Roy Hodgson today, bullying language, pointlessly cruel, pointlessly hurtful."
Meet the football coach whose life is in freefall; or the airline rep pointlessly reassuring relatives after a disaster, two hopelessly honest people looking for love online and the photographer, and his assistant, waiting to take a picture of us, the audience.
It was a stunning diving effort and perhaps a bit beyond the call of duty as Yorkshire's innings was dragging on pointlessly.
It's always a lovely sight when a scorer embraces his adoring fans, albeit the stewards tend to do their best to spoil it by pointlessly patting the exultant player on the back in a futile bid to encourage them back on to the pitch.