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Finance Dictionary and Glossary of Investment Terms
Finance charges paid by the borrower at the beginning of a loan. One point is 1% of the loan amount.
A point is a sum equal to 1% of a loan amount. It is charged to the borrower by the lender.
1. When refinancing or taking out a loan/mortgage, each point is equal to one percent over and above the current interest rate.2. For stocks, one point equals one dollar.