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 points is usually tied to a system whereby the player’s character becomes gradually more powerful.

 

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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

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

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

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

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.

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.

FHA Prepayment Experience: A wire transfer system for high-value payments operated by the Federal Reserve System.

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

Experience Rating: A rating method under which an MCO analyzes a group's recorded healthcare costs by type and calculates the group's premium partly or completely according to the group's experience.

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