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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 ?
As he points outs, the character is a small business owner who started with nothing, good to his friends, wife and children.
Vice ChancellorTim Wheeler, who will address the planning committee in person, points outs residential housing andElton Primary Schoolare within a similar radius of Stanlow.
FarragTech points outs that if drying takes place at 80 C (176 F), which is the drying temperature for nylon and ABS, then no additional heat input is required.
Eurogamer points outs that games like Faster Than Light, DOOM and Super Crate Box haven't received recent updates for iOS 10 support.