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LSDefine
Simple English definitions for legal terms
point
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A quick definition of point:
A point is a specific and important idea or argument in a legal case or a discussion. In a meeting, a point can also refer to a request for information, clarification, or order. It can also mean a fee paid upfront for a loan or a unit used for quoting prices of stocks, bonds, or commodities.
A more thorough explanation:
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.