# 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.

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.

References in periodicals archive ?
When the search fails to generate a trial point that is better than [mathematical expression not reproducible]), the iteration is called unsuccessful, the step size [mathematical expression not reproducible] is halved so that a refined search can be carried out, and [mathematical expression not reproducible].
Consider the trial point [x.sup.+.sub.k], if the filter is empty, then define its contribution to the area of the filter by
Steve Robinson was the only one of the eight leading riders in the season-long Holme Valley Wheelers' 10-mile time trial points competition who did not ride last week.
A Show X and Hunter Trial Points Accumulator event is at Armondside Farm, Hamsterley, Sunday.
With a short delay (190 ms) before the air dryers, the differences between trial points were clearly smaller than with longer delays.

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