Points: A fee charged by the lender as additional compensation for making the loan. One 'point' is equal to 1% of the principal amount of the loan.

 

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Points: A fee charged by the lender as additional compensation for making the loan. One 'point' is equal to 1% of the principal amount of the loan.

Experience Points: In role-playing games or adventures, 'experience points' (often abbreviated to XP) are awarded for successfully completing tasks, or being victorious in combat. The accumulation of these poi . . . View Full Definition

Nodal Points: Are located in two areas in a compound lens system. The front nodal point is where rays of light entering the lens appear to aim. The rear nodal point is where the rays of light appear to ha . . . View Full Definition

Discount Points: An added loan fee charged by a lender to make the yield on a lower-than-market-interest VA or FHA loan competitive with higher-interest conventional loans. One discount point is equal to 1 p . . . View Full Definition

Gross Rating Points (GRP): The sum of individual telecast ratings on a total program basis or advertiser commercial schedule, without regard to duplication. For example, 10 announcements each with a 10 rating would pr . . . View Full Definition

Bond Points: A 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.

Delivery Points: The options available to the seller of an interest rate futures contract, including the quality option, the timing option, and the wild card option. Delivery options mean that the buyer is u . . . View Full Definition

Multiple Basing Points: A method of regional pricing in milk marketing orders that would allow more than one basing point, or 'surplus area,' to be used. Surplus areas are administratively defined as areas with low . . . View Full Definition

Diastereomer: Stereoisomers which are not mirror images of each other. Diastereomers are chemically similar but distinguishable; they have different melting points and boiling points and they react at dif . . . View Full Definition

Complexometric Titration: A titration based on a reaction between a ligand and a metal ion to form a complex. For example, free Ca2+ in milk powder can be determined by titrating a milk powder sample with EDTA soluti . . . View Full Definition