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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 ?
* "Parallel" structure doesn't track the set point very precise but can be insensible at important disturbances.
Meantime, economists had their happiness set points bouncing all over the place, as the stock market rocketed up and down.
Kendler and an international roster of collaborators found that life experiences play a central role in establishing the set points for anxiety and depression, perhaps even more than genes do.
Chela was simply not missing from the baseline, but the British number one dug deep to retrieve one break before saving two set points on his own serve, the second with a superb dinked backhand.
Serena took the first set after facing two set points in a tiebreaker before Venus broke her sister in the sixth game of the second to go 4-2 up.
Henman squandered three set points in the 12th game and the set went to a tense shoot-out which Henman littered with unforced errors but still managed to take 8-6.
When the valves act in a process control role, their control uses an external process sensor signal to adjust the position of the valve to meet the desired process set point. The set point is provided by an external device or is sent to the control manually.
Upon implementation, ANN analysis is applied within the pattern controller on both the reference and incoming patterns to determine the machine set point errors.
Just when the Jet Spikers looked ready to cruise through the opening frame, 16-7, the Lady Warriors fought back behind Pablo, who twice put them at set point.
Curve B in Figure 2 shows good temperature uniformity at an arbitrary set point of 100 C with a simple two-zone power distribution.
As the inside wall of the pipe reaches the temperature set point, the bond actually breaks.
He stormed into a 5-2 lead only for Pavel to win four of the next five points to stave off set point three times.