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 ?
Third of the 12 riders to have scored points is Jeanne Korevaar (WaowDeals Pro Cycling) while Susanne Andersen is fourth.
The team is seventh in the championship with 89 points, and in only four of the 16 races so far have both Nico Hulkenberg and Paul di Resta scored points. The best result came at the European Grand Prix when the team collected 16 points.
He said: "We've had a bit of a break since contesting the Ulster Rally, which was a tough event for us due to some transmission problems, but we scored points and when you're trying to win championships the key is always to score points on every round.
AS THE country's main party leaders scored points off each other in an historic live TV debate, here in Birmingham it was the gold-tie clad Nick Clegg who came out on top.
The billiards saw Ormesby take all points through James Foster, Michael Robinson and Ainsley Foster, while only Robinson won at snooker, as Old Thornaby scored points through Jonathan Snee and Jason McNamee.