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PointOne percent. When referring to mortgages or deeds of trust, the term is used to describe the percentage of discount rather than interest (for which the word "percent" is used). The points are paid by the seller in F.H.A. and V.A. insured loans, and by either buyer or seller (or both) in conventional loans.PointThe smallest unit of price change quoted, or one one-hundredth of a percent. Related: Minimum price fluctuation and tick.Point Similar MatchesBond pointsBond pointsA conventional unit of measure for bond prices set at $1 and equivalent to 1% of the $100 face value of the bond. A price of 80 means that the bond is selling at 80% of its face or par value. Cutoff pointCutoff pointThe lowest rate of return acceptable on investments. Basis pointBasis pointUsually one hundredth of a percentage point used in quoting movements in interest rates of yields on securities. Breakpoint saleBreakpoint saleFor mutual funds, refers to the investment amount necessary to make the fundholder eligible for a reduced sales charge. See: Letter of intent; right of accumulation. Discount PointsDiscount PointsThe fee associated with the note rate for your loan, the more discount points you pay the lower the rate you can buy, the fewer you pay, the higher your rate. If the rate is high enough, the loan is priced above par and these premium points are available to pay closing costs creating a no or low fee loan. Further SuggestionsPoint AttractorBasis point Price value of a basis point (PVBP) Capital Fulcrum Point Basis point Trades by appointment point and figure Points quote Point elasticity Break even point Cash flow break even point Breakeven point Appointed representative Decision Break Point Analysis Point and figure chart Tradepoint Investment Exchange Ricardo point Points electronic funds transfer (at point of sale) |
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