Point

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Related to Munro point: McBurney point

Point

The smallest unit of price change quoted, or one one-hundredth of a percent. Related: Minimum price fluctuation and tick.

Point

A way of conceptualizing price changes in the trading of securities. For stocks, a point corresponds to $1, while for bonds it indicates a 1% change relative to the face value. For example, if one states that GE rose two points on Thursday, this means that it rose $2. See also: Tick.

point

A change in the value of a security or a security index or average. For common and preferred stocks a point represents a change of $1. For bonds a point represents a 1% change in face value. For example, a one-point decline in a $1,000 principal amount bond translates to a $10 decline in price. For stock averages and indexes a point represents a unit of movement and is best interpreted as a percent of the beginning value. For example, a 100-point decline in the Dow Jones Industrial Average that started the day at 10,000 represents a 1% fall in the average.
References in periodicals archive ?
Cowden needed a lift and got it on the half hour when ref David Munro pointed to the spot after McNeil had hauled Glen to the deck.
"The frame is the crash-worthy component," Munro points out.
She makes clear her belief that women have been kept from writing because of their relative poverty and the widespread view that a woman's place is in the home, not, as Munro points out, "an office." Woolf's thesis is clearly one that an author must have a personal place to be able to write; Munro's story illustrates brilliantly that thesis.