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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 ?
The Gunners took points off the other teams in the top four last season and did the double over winners Manchester United but still finished 21 points off the pace.
Oxford lost at home to Forest Green, Rushden and Kidderminster, while relegated Southport and Altrincham and lower-half Woking, Crawley and Cambridge also took points there.
Dundee United, Caley Thistle, Hibs, Motherwell and Aberdeen all took points off the big two last time and there's no reason to think they can't do it again this term.
"When they took points off us we went from fourth top to third bottom.