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Points |
Also found in: Dictionary/thesaurus, Medical, Legal, Acronyms, Idioms, Encyclopedia, Wikipedia, Hutchinson | 0.04 sec. |
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Points 1. One percent over and above the current interest rate (used in the context of refinancing or taking out a loan/mortgage). 2. For stocks, one point equals one dollar. Notes: 1. A loan may be quoted as prime plus two points. This means that your loan interest rate is 2% higher than the prime rate of lending.2. If a stock is up 2 points, then it really means that the stock is up $2. |
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