What is "point"

Point \Point\ (point), v. t. & i. To appoint. [Obs.]
--Spenser.

Point \Point\, n. [F. point, and probably also pointe, L. punctum, puncta, fr. pungere, punctum, to prick. See Pungent, and cf. Puncto, Puncture.]

1. That which pricks or pierces; the sharp end of anything, esp. the sharp end of a piercing instrument, as a needle or a pin.

2. An instrument which pricks or pierces, as a sort of needle used by engravers, etchers, lace workers, and others; also, a pointed cutting tool, as a stone cutter's point; -- called also pointer.

3. Anything which tapers to a sharp, well-defined termination. Specifically: A small promontory or cape; a tract of land extending into the water beyond the common shore line.

4. The mark made by the end of a sharp, piercing instrument, as a needle; a prick.

5. An indefinitely small space; a mere spot indicated or supposed. Specifically: (Geom.) That which has neither parts nor magnitude; that which has position, but has neither length, breadth, nor thickness, -- sometimes conceived of as the limit of a line; that by the motion of which a line is conceived to be produced.

6. An indivisible portion of time; a moment; an instant; hence, the verge.

   When time's first point begun Made he all souls.
   --Sir J. Davies.

7. A mark of punctuation; a character used to mark the divisions of a composition, or the pauses to be observed in reading, or to point off groups of figures, etc.; a stop, as a comma, a semicolon, and esp. a period; hence, figuratively, an end, or conclusion.

   And there a point, for ended is my tale.
   --Chaucer.

   Commas and points they set exactly right.
   --Pope.

8. Whatever serves to mark progress, rank, or relative position, or to indicate a transition from one state or position to another, degree; step; stage; hence, position or condition attained; as, a point of elevation, or of depression; the stock fell off five points; he won by tenpoints. ``A point of precedence.''
   --Selden. ``Creeping on from point to point.''
   --Tennyson.

   A lord full fat and in good point.
   --Chaucer.

9. That which arrests attention, or indicates qualities or character; a salient feature; a characteristic; a peculiarity; hence, a particular; an item; a detail; as, the good or bad points of a man, a horse, a book, a story, etc.

   He told him, point for point, in short and plain.
   --Chaucer.

   In point of religion and in point of honor.
   --Bacon.

   Shalt thou dispute With Him the points of liberty ?
   --Milton.

10. Hence, the most prominent or important feature, as of an argument, discourse, etc.; the essential matter; esp., the proposition to be established; as, the point of an anecdote. ``Here lies the point.''
    --Shak.

    They will hardly prove his point.
    --Arbuthnot.

11. A small matter; a trifle; a least consideration; a punctilio.

    This fellow doth not stand upon points.
    --Shak.

    [He] cared not for God or man a point.
    --Spenser.

12. (Mus.) A dot or mark used to designate certain tones or time; as:

    1. (Anc. Mus.) A dot or mark distinguishing or characterizing certain tones or styles; as, points of perfection, of augmentation, etc.; hence, a note; a tune. ``Sound the trumpet -- not a levant, or a flourish, but a point of war.''
       --Sir W. Scott.

    2. (Mod. Mus.) A dot placed at the right hand of a note, to raise its value, or prolong its time, by one half, as to make a whole note equal to three half notes, a half note equal to three quarter notes.

13. (Astron.) A fixed conventional place for reference, or zero of reckoning, in the heavens, usually the intersection of two or more great circles of the sphere, and named specifically in each case according to the position intended; as, the equinoctial points; the solstitial points; the nodal points; vertical points, etc. See Equinoctial Nodal.

14. (Her.) One of the several different parts of the escutcheon. See Escutcheon.

15. (Naut.)

    1. One of the points of the compass (see Points of the compass, below); also, the difference between two points of the compass; as, to fall off a point.

    2. A short piece of cordage used in reefing sails. See Reef point, under Reef.

16. (Anc. Costume) A a string or lace used to tie together certain parts of the dress.
    --Sir W. Scott.

17. Lace wrought the needle; as, point de Venise; Brussels point. See Point lace, below.

18. pl. (Railways) A switch. [Eng.]

19. An item of private information; a hint; a tip; a pointer.

20. (Cricket) A fielder who is stationed on the off side, about twelve or fifteen yards from, and a little in advance of, the batsman.

21. The attitude assumed by a pointer dog when he finds game; as, the dog came to a point. See Pointer.

22. (Type Making) A standard unit of measure for the size of type bodies, being one twelfth of the thickness of pica type. See Point system of type, under Type.

23. A tyne or snag of an antler.

24. One of the spaces on a backgammon board.

25. (Fencing) A movement executed with the saber or foil; as, tierce point.

26. (Med.) A pointed piece of quill or bone covered at one end with vaccine matter; -- called also vaccine point.

27. One of the raised dots used in certain systems of printing and writing for the blind. The first practical system was that devised by Louis Braille in 1829, and still used in Europe (see Braille). Two modifications of this are current in the United States:

    New York point founded on three bases of equidistant points arranged in two lines (viz., : :: :::), and a later improvement,

    American Braille, embodying the Braille base (:::) and the New-York-point principle of using the characters of few points for the commonest letters.

28. In technical senses:

    1. In various games, a position of a certain player, or, by extension, the player himself; as: (1) (Lacrosse & Ice Hockey) The position of the player of each side who stands a short distance in front of the goal keeper; also, the player himself. (2) (Baseball) (pl.) The position of the pitcher and catcher.

    2. (Hunting) A spot to which a straight run is made; hence, a straight run from point to point; a cross-country run. [Colloq. Oxf. E. D.]

    3. (Falconry) The perpendicular rising of a hawk over the place where its prey has gone into cover.

    4. Act of pointing, as of the foot downward in certain dance positions.

       Note: The word point is a general term, much used in the sciences, particularly in mathematics, mechanics, perspective, and physics, but generally either in the geometrical sense, or in that of degree, or condition of change, and with some accompanying descriptive or qualifying term, under which, in the vocabulary, the specific uses are explained; as, boiling point, carbon point, dry point, freezing point, melting point, vanishing point, etc.

       At all points, in every particular, completely; perfectly.
       --Shak.

       At point, In point, At the point, In the point, or On the point, as near as can be; on the verge; about (see About, prep., 6); as, at the point of death; he was on the point of speaking. ``In point to fall down.''
       --Chaucer. ``Caius Sidius Geta, at point to have been taken, recovered himself so valiantly as brought day on his side.''
       --Milton.

       Dead point. (Mach.) Same as Dead center, under Dead.

       Far point (Med.), in ophthalmology, the farthest point at which objects are seen distinctly. In normal eyes the nearest point at which objects are seen distinctly; either with the two eyes together (binocular near point), or with each eye separately (monocular near point).

       Nine points of the law, all but the tenth point; the greater weight of authority.

       On the point. See At point, above.

       Point lace, lace wrought with the needle, as distinguished from that made on the pillow.

       Point net, a machine-made lace imitating a kind of Brussels lace (Brussels ground).

       Point of concurrence (Geom.), a point common to two lines, but not a point of tangency or of intersection, as, for instance, that in which a cycloid meets its base.

       Point of contrary flexure, a point at which a curve changes its direction of curvature, or at which its convexity and concavity change sides.

       Point of order, in parliamentary practice, a question of order or propriety under the rules.

       Point of sight (Persp.), in a perspective drawing, the point assumed as that occupied by the eye of the spectator.

       Point of view, the relative position from which anything is seen or any subject is considered.

       Points of the compass (Naut.), the thirty-two points of division of the compass card in the mariner's compass; the corresponding points by which the circle of the horizon is supposed to be divided, of which the four marking the directions of east, west, north, and south, are called cardinal points, and the rest are named from their respective directions, as N. by E., N. N. E., N. E. by N., N. E., etc. See Illust. under Compass.

       Point paper, paper pricked through so as to form a stencil for transferring a design.

       Point system of type. See under Type.

       Singular point (Geom.), a point of a curve which possesses some property not possessed by points in general on the curve, as a cusp, a point of inflection, a node, etc.

       To carry one's point, to accomplish one's object, as in a controversy.

       To make a point of, to attach special importance to.

       To make a point, or To gain a point, accomplish that which was proposed; also, to make advance by a step, grade, or position.

       To mark a point, or To score a point, as in billiards, cricket, etc., to note down, or to make, a successful hit, run, etc.

       To strain a point, to go beyond the proper limit or rule; to stretch one's authority or conscience.

       Vowel point, in Arabic, Hebrew, and certain other Eastern and ancient languages, a mark placed above or below the consonant, or attached to it, representing the vowel, or vocal sound, which precedes or follows the consonant.

Point \Point\ (point), v. i.

1. To direct the point of something, as of a finger, for the purpose of designating an object, and attracting attention to it; -- with at.

   Now must the world point at poor Katharine.
   --Shak.

   Point at the tattered coat and ragged shoe.
   --Dryden.

2. To indicate the presence of game by fixed and steady look, as certain hunting dogs do.

   He treads with caution, and he points with fear.
   --Gay.

3. (Med.) To approximate to the surface; to head; -- said of an abscess.

   To point at, to treat with scorn or contempt by pointing or directing attention to.

   To point well (Naut.), to sail close to the wind; -- said of a vessel.

Point \Point\ (point), v. t. [imp. & p. p. Pointed; p. pr. & vb. n. Pointing.] [Cf. F. pointer. See Point, n.]

1. To give a point to; to sharpen; to cut, forge, grind, or file to an acute end; as, to point a dart, or a pencil. Used also figuratively; as, to point a moral.

2. To direct toward an abject; to aim; as, to point a gun at a wolf, or a cannon at a fort.

3. Hence, to direct the attention or notice of.

   Whosoever should be guided through his battles by Minerva, and pointed to every scene of them.
   --Pope.

4. To supply with punctuation marks; to punctuate; as, to point a composition.

5. To mark (a text, as in Arabic or Hebrew) with vowel points; -- also called vocalize.

   Syn: vocalize. [1913 Webster + RP]

6. To give particular prominence to; to designate in a special manner; to indicate, as if by pointing; as, the error was pointed out.
   --Pope.

   He points it, however, by no deviation from his straightforward manner of speech.
   --Dickens.

7. To indicate or discover by a fixed look, as game.

8. (Masonry) To fill up and finish the joints of (a wall), by introducing additional cement or mortar, and bringing it to a smooth surface.

9. (Stone Cutting) To cut, as a surface, with a pointed tool.

   To point a rope (Naut.), to taper and neatly finish off the end by interweaving the nettles.

   To point a sail (Naut.), to affix points through the eyelet holes of the reefs.

   To point off, to divide into periods or groups, or to separate, by pointing, as figures.

   To point the yards (of a vessel) (Naut.), to brace them so that the wind shall strike the sails obliquely.
   --Totten.

c.1200, "minute amount, single item in a whole; sharp end of a sword, etc.," a merger of two words, both ultimately from Latin pungere "prick, pierce, puncture" (see pungent). The Latin neuter past participle punctum was used as a noun, meaning "small hole made by pricking," subsequently extended to anything that looked like one, hence, "dot, particle," etc. This yielded Old French point "dot; smallest amount," which was borrowed in Middle English by c.1300.\n

\nMeanwhile the Latin fem. past participle of pungere was puncta, which was used in Medieval Latin to mean "sharp tip," and became Old French pointe "point of a weapon, vanguard of an army," which also passed into English, early 14c.\n

\nThe senses have merged in English, but remain distinct in French. Extended senses are from the notion of "minute, single, or separate items in an extended whole." Meaning "small mark, dot" in English is mid-14c. Meaning "distinguishing feature" is recorded from late 15c. Meaning "a unit of score in a game" is first recorded 1746. As a typeface unit (in Britain and U.S., one twelfth of a pica), it went into use in U.S. 1883. As a measure of weight for precious stones (one one-hundredth of a carat) it is recorded from 1931.\n

\nThe point "the matter being discussed" is attested from late 14c.; meaning "sense, purpose, advantage" (usually in the negative, as in what's the point?) is first recorded 1903. Point of honor (1610s) translates French point d'honneur. Point of no return (1941) is originally aviators' term for the point in a flight "before which any engine failure requires an immediate turn around and return to the point of departure, and beyond which such return is no longer practical."

late 14c., "indicate with the finger;" c.1400, "wound by stabbing; make pauses in reading a text; seal or fill openings or joints or between tiles," partly from Old French pointoier "to prick, stab, jab, mark," and also from point (n.).\n

\nMid-15c. as "to stitch, mend." From late 15c. as "stitch, mend;" also "furnish (a garment) with tags or laces for fastening;" from late 15c. as "aim (something)." Related: Pointed; pointing. To point up "emphasize" is from 1934; to point out is from 1570s.

n. 1 A discrete division of something. 2 # An individual element in a larger whole; a particular detail, thought, or quality. (from 13th c.) 3 # A particular moment in an event or occurrence; a juncture. (from 13th c.) 4 # (context archaic English) condition, state. (from 13th c.) 5 # A topic of discussion or debate; a proposition, a focus of conversation or consideration. (from 14th c.) 6 # (context obsolete English) The smallest quantity of something; a jot, a whit. (14th-17th c.) 7 # (context obsolete English) A tiny amount of time; a moment. (14th-17th c.) 8 # A specific location or place, seen as a spatial position. (from 14th c.) 9 # (context mathematics science English) A zero-dimensional mathematical object representing a location in one or more dimensions; something considered to have position but no magnitude or direction. (from 14th c.) 10 # A purpose or objective. (from 14th c.) 11 # A full stop or other terminal punctuation mark. (from 14th c.) 12 # (context music English) A dot or mark used to designate certain tones or time. In ancient music, it distinguished or characterized certain tones or styles (points of perfection, of augmentation, etc.). In modern music, it is placed on the right of a note to raise its value, or prolong its time, by one half. 13 # (context by extension English) A note; a tune. 14 # A distinguishing quality or characteristic. (from 15th c.) 15 # Something tiny, as a pinprick; a very small mark. (from 15th c.) 16 # (context now only in phrases English) A tenth; formerly also a twelfth. (from 17th c.) 17 # Each of the marks or strokes written above letters, especially in Semitic languages, to indicate vowels, stress etc. (from 17th c.) 18 # (context gaming English) A unit of scoring in a game or competition. (from 18th c.) 19 # (context mathematics English) A decimal point (now especially when reading decimal fractions aloud). (from 18th c.) 20 # (context economics English) A unit used to express differences in prices of stocks and shares. (from 19th c.) 21 # (context typography English) a unit of measure equal to 1/12 of a pica, or approximately 1/72 of an inch (exactly 1/72 of an inch in the digital era). (from 19th c.) 22 # (context UK English) An electric power socket. (from 20th c.) 23 # (context navigation nautical English) A unit of bearing equal to one thirty-second of a circle, ''i.e.'' 11.25°. 24 A sharp extremity. 25 # The sharp tip of an object. (from 14th c.) 26 # Any projecting extremity of an object. (from 14th c.) 27 # An object which has a sharp or tapering tip. (from 14th c.) 28 # (context backgammon English) Each of the twelve triangular positions in either table of a backgammon board, on which the stones are played. (from 15th c.) 29 # A peninsula or promontory. (from 15th c.) 30 # The position at the front or vanguard of an advancing force. (from 16th c.) 31 # Each of the main directions on a compass, usually considered to be 32 in number; a direction. (from 16th c.) 32 # (context nautical English) The difference between two points of the compass. 33 # pointedness of speech or writing; a penetrating or decisive quality of expression. (from 17th c.) vb. (context intransitive English) To extend the index finger in the direction of something in order to show where it is or to draw attention to it.

1. v. indicate a place, direction, person, or thing; either spatially or figuratively; "I showed the customer the glove section"; "He pointed to the empty parking space"; "he indicated his opponents" [syn: indicate, show]

2. be oriented; "The weather vane points North" [syn: orient]

3. direct into a position for use; "point a gun"; "He charged his weapon at me" [syn: charge, level]

4. direct the course; determine the direction of travelling [syn: steer, maneuver, manoeuver, manoeuvre, direct, head, guide, channelize, channelise]

5. be a signal for or a symptom of; "These symptoms indicate a serious illness"; "Her behavior points to a severe neurosis"; "The economic indicators signal that the euro is undervalued" [syn: bespeak, betoken, indicate, signal]

6. sail close to the wind [syn: luff]

7. mark (Hebrew words) with diacritics

8. mark with diacritics; "point the letter"

9. mark (a psalm text) to indicate the points at which the music changes

10. be positionable in a specified manner; "The gun points with ease"

11. intend (something) to move towards a certain goal; "He aimed his fists towards his opponent's face"; "criticism directed at her superior"; "direct your anger towards others, not towards yourself" [syn: target, aim, place, direct]

12. give a point to; "The candles are tapered" [syn: sharpen, taper]

13. repair the joints of bricks; "point a chimney" [syn: repoint]

1. n. a geometric element that has position but no extension; "a point is defined by its coordinates"

2. the precise location of something; a spatially limited location; "she walked to a point where she could survey the whole street"

3. a brief version of the essential meaning of something; "get to the point"; "he missed the point of the joke"; "life has lost its point"

4. a specific identifiable position in a continuum or series or especially in a process; "a remarkable degree of frankness"; "at what stage are the social sciences?" [syn: degree, level, stage]

5. an isolated fact that is considered separately from the whole; "several of the details are similar"; "a point of information" [syn: detail, item]

6. an instant of time; "at that point I had to leave" [syn: point in time]

7. the object of an activity; "what is the point of discussing it?"

8. a V shape; "the cannibal's teeth were filed to sharp points" [syn: tip, peak]

9. a very small circular shape; "a row of points"; "draw lines between the dots" [syn: dot]

10. the unit of counting in scoring a game or contest; "he scored 20 points in the first half"; "a touchdown counts 6 points"

11. a promontory extending out into a large body of water; "they sailed south around the point"

12. a distinct part that can be specified separately in a group of things that could be enumerated on a list; "he noticed an item in the New York Times"; "she had several items on her shopping list"; "the main point on the agenda was taken up first" [syn: item]

13. a style in speech or writing that arrests attention and has a penetrating or convincing quality or effect

14. an outstanding characteristic; "his acting was one of the high points of the movie" [syn: spot]

15. sharp end; "he stuck the point of the knife into a tree"; "he broke the point of his pencil"

16. any of 32 horizontal directions indicated on the card of a compass; "he checked the point on his compass" [syn: compass point]

17. a linear unit used to measure the size of type; approximately 1/72 inch

18. a punctuation mark (.) placed at the end of a declarative sentence to indicate a full stop or after abbreviations; "in England they call a period a stop" [syn: period, full stop, stop, full point]

19. a V-shaped mark at one end of an arrow pointer; "the point of the arrow was due north" [syn: head]

20. the property of a shape that tapers to a sharp point [syn: pointedness] [ant: unpointedness]

21. a distinguishing or individuating characteristic; "he knows my bad points as well as my good points"

22. the gun muzzle's direction; "he held me up at the point of a gun" [syn: gunpoint]

23. a wall socket [syn: power point]

24. a contact in the distributor; as the rotor turns its projecting arm contacts distributor points and current flows to the spark plugs [syn: distributor point, breaker point]

Point or points may refer to:

A point in tennis is the smallest subdivision of the match, the completion of which changes the score. A point can consist of a double fault by the server, in which case it is won by the receiver; otherwise, it begins with a legal serve by one side's server to the receiver on the other, and continues until one side fails to make a legal return to the other, losing the point. Four points win a game, counted as 15 (1 point), 30 (2 points), 40 (3 points). A game must be won by at least two points.

Points in basketball are used to keep track of the score in a game. Points can be accumulated by making field goals (two or three points) or free throws (one point). If a player makes a field goal from within the three-point line, the player scores two points. If the player makes a field goal from beyond the three-point line, the player scores three points. The team that has recorded the most points at the end of a game is declared that game's winner.

Point is a 2001 album by Cornelius. The album contains innovative rhythmic use of sound, and is notable for its use of sounds from nature, such as water sounds and bird sounds, into its mix.

In modern mathematics, a point refers usually to an element of some set called a space.

More specifically, in Euclidean geometry, a point is a primitive notion upon which the geometry is built. Being a primitive notion means that a point cannot be defined in terms of previously defined objects. That is, a point is defined only by some properties, called axioms, that it must satisfy. In particular, the geometric points do not have any length, area, volume, or any other dimensional attribute. A common interpretation is that the concept of a point is meant to capture the notion of a unique location in Euclidean space.

In ice hockey, point has three contemporary meanings:

• A point is awarded to a player for each goal scored or assist earned. The total number of goals plus assists equals total points. The Art Ross Trophy is awarded to the National Hockey League (NHL) player who leads the league in scoring points at the end of the regular season.
• Points are also awarded to assess standings (or rankings). For winning a match, a team always earns two points in the standings whether they win in regulation or overtime. When a team ties, they earn one point. Often, there are no ties (in the NHL as a result of many rule changes after the 2004–05 NHL lockout). However, a rule that was instituted in the 1999–2000 NHL season makes it so that when a team loses in overtime, they shall earn one point for making it to overtime. This rule includes shootouts, which were instituted after the aforementioned lockout. Teams that win in overtime or shootout receive a bonus point together with the point they received for the initial draw.
• When a team is in the offensive zone, the area near the blue line and the boards is referred to as " the point". When a team is on the power play, its defencemen usually take up positions at the point. The name is taken from the former names of the defence positions, point and cover point, as first developed in the 19th century, the earliest days of ice hockey's development.

In typography, the point is the smallest unit of measure. It is used for measuring font size, leading, and other items on a printed page. The size of the point has varied throughout the history of printing. Since the 18th century, the point's size has varied from 0.18 to 0.4 millimeters. Following the advent of desktop publishing in the 1980s and 1990s, digital printing has largely supplanted the letterpress printing and has established the DTP point (desktop publishing point) as the de facto standard. The DTP point is defined as of an international inch (about 0.353 mm) and, as with earlier American point sizes, is considered to be of a pica.

In metal type, the point size of the font described the height of the metal body on which the typeface's characters were cast. In digital type, letters of a font are designed around an imaginary space called an em square. When a point size of a font is specified, the font is scaled so that its em square has a side length of that particular length in points. Although the letters of a font usually fit within the font's em square, there is not necessarily any size relationship between the two, so the point size does not necessarily correspond to any measurement of the size of the letters on the printed page.

Point , also known as the Eye Peninsula, is a peninsula some 11 km long in the Outer Hebrides (or Western Isles), Scotland. The majority of Point is connected to the rest of the Isle of Lewis by a narrow isthmus, one mile in length and at one point barely 100 metres wide. The peninsula is just 6 km east of the regional capital of Stornoway, however the district of Point actually starts at the Parkend estate on Stornoway's outskirts. Point is home to around 2,600 people and is one of the few districts of the Western Isles where the population is increasing. There are about 17 villages and hamlets in Point: (listed west to east) Melbost (Mealabost) (Including Stornoway Airport), Branahuie (Bràigh na h-Aoidhe), Aignish (Aiginis), Knock (An Cnoc), Swordale (Suardail), Garrabost, Lower Bayble (Pabail Iarach), Eagleton (Baile na h-Iolaire), Upper Bayble (Pabail Uarach), Shulishader (Sulaisiader, usually referred to as Shader), Sheshader (Seisiader), Flesherin (Fleisirin), Cnoc Amhlaigh, Portnaguran (Port nan Giuran), Aird, Broker (Brocair), and Portvoller (Port Mholair).

Points, sometimes also called "discount points", are a form of pre-paid interest. One point equals one percent of the loan amount. By charging a borrower points, a lender effectively increases the yield on the loan above the amount of the stated interest rate. Borrowers can offer to pay a lender points as a method to reduce the interest rate on the loan, thus obtaining a lower monthly payment in exchange for this up-front payment. In United States, for each point purchased, the loan rate is typically reduced by anywhere from 1/8% (0.125%) to 1/4% (0.25%).

Selling the property or refinancing prior to this break-even point will result in a net financial loss for the buyer while keeping the loan for longer than this break-even point will result in a net financial savings for the buyer. The longer you keep the property financed under the loan with purchased points, the more the money spent on the points will pay off. Accordingly, if the intention is to buy and sell the property or refinance in a rapid fashion, paying points is actually going to end up costing more than just paying the loan at the higher interest rate.

Points may also be purchased to reduce the monthly payment for the purpose of qualifying for a loan. Loan qualification based on monthly income versus the monthly loan payment may sometimes only be achievable by reducing the monthly payment through the purchasing of points to buy down the interest rate, thereby reducing the monthly loan payment.

Discount points may be different from origination fee or broker fee. Discount points are always used to buy down the interest rates, while origination fees sometimes are fees the lender charges for the loan or sometimes just another name for buying down the interest rate. Origination fee and discount points are both items listed under lender-charges on the HUD-1 Settlement Statement.

The difference in savings over the life of the loan can make paying points a benefit to the borrower. If you intend to stay in your home for an extended period of time, it may be worthwhile to pay additional points in order to obtain a lower interest rate. Any significant changes in fees should be re-disclosed in the final good faith estimate (GFE).

Also directly related to points is the concept of the ' no closing cost loan', in which the consumer accepts a higher interest rate in return for the lender paying the loan's closing costs up front.