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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 ?
Moreover, the saturation point increases with a decreasing diameter of the extrudate.
Drying wood well below the fiber saturation point might be uneconomical with respect to drying costs.
You say televised sports might be reaching the saturation point. Does that mean a decrease in competition or competitors?
He explained the key was to quantify the saturation point for this particular alloy, in order to attain the best interfacial adhesion between the styrenic and elastomer and yield the best physical properties.
'I think the tactics employed is starting to reach its saturation point as far as the public is concerned,' Lacson, chair of the Senate committee on public order and dangerous drugs, said in a text message on Wednesday.
ALL things come to a saturation point, and the Cyprus problem has long come to such a point, Turkish Cypriot leader Mustafa Akinci said on Friday, after a meeting with the Kamu Sen confederation of trade unions.
But town hall colleagues are urging them to defer making a decision, arguing the number of students in the area has reached "saturation point".
LABOUR MP Ms Maskell has suggested that Britain should accept refugees until we have reached saturation point.
?Saturation Point looks an improver worth another chance 7.20 Wolverhampton If you forgive her efforts at Lingfield (too far) in September and Kempton (draw) the following month, Saturation Point has been on the up since going handicapping in August.
COUNCILLORS in Swansea are to limit new pubs, nightspots and off-licences in the city centre after deciding licensed premises have reached "saturation point".
According to Reuters, Banco Santander (SAN.MC) has opined that loan growth in some sectors in Brazil had reached a saturation point.