Legal Definitions - point

Definition: A specific legal argument or issue, or a type of request made in a meeting or deliberative body.

• Point of error: A legal argument that there was an error in the trial process that affected the outcome of the case.
• Point of order: A request made in a meeting to enforce the rules of procedure.
• Mortgage point: A fee paid up front to a lender when taking out a mortgage loan.
• Stock point: A unit used to quote the price of a stock or other financial asset.

These examples illustrate different ways in which the term "point" can be used. In the legal context, a "point of error" refers to a specific argument that a lawyer might make in court. In a meeting or deliberative body, a "point of order" is a request to enforce the rules of procedure. In finance, a "mortgage point" is a fee paid up front when taking out a mortgage loan, while a "stock point" is a unit used to quote the price of a stock or other financial asset.