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 ?
But vice-captain Chandler is keen to see his side climb away from the drop zone by taking points off the division's poorer teams.
However, the nine-time world champion is contesting only four events this year and his Citroen team will not want him taking points off their title candidates Mikko Hirvonen and Dani Sordo.
The Bangor fans certainly still believe that Nev Powell's side can retain their crown and are right to do so because the four big contenders - Neath and Llanelli making up the quartet - are all very capable of taking points from each other.
He said: "We're in a good position in the league, there are five teams still in there and everyone will be taking points off everyone else."
"We've been taking points off each other, which is not the best thing for the drivers' championship but it is the way it should be.
"In the last week the two opposing managers have said sorry for taking points off us - but that's no good.
"No-one up there has been taking points regularly because it's been getting tense and nervy."
"I cannot see where we are taking points away from each other."
We know we need to start taking points off the top three teams.
Liver have taken advantage of the top teams taking points of each other by going top of the table through winning their second game on the bounce.
Padova, 15-8 with Stan James, are proving a decent side on their travels, taking points off both Sampdoria and Verona and winning at Empoli.
He said: "Every team is capable of taking points from each other, so we will have to be fully switched on if we are to maintain our positive run of form."