POINTS

  1. A 1% change in the face value of a bond or a debenture.
  2. In futures contracts, a price change of one one-hundredth, or 1% of one cent.
  3. A $1 price change in the value of common stock.
  4. In real estate mortgages, the initial fee charged by the lender, with each point being equal to 1% of the amount of the loan. It can also refer to each percentage difference between a mortgage's interest rate and the prime interest rate.