discount point

Definition

A unit of measurement used to describe various loan charges; one point equals 1 percent of the amount of the loan. For example, $2,000 equals one discount point on a $200,000 loan. Typically discount points are fees that a lender charges to provide a lower interest rate.

Use discount point in a sentence

If a lender charges discount points it will save you money on your loan by giving you a lower interest rate.

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The discount point was a unit of measurement and people used it to describe loan charges and stuff like that.

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You should try to figure out if you are approaching the discount point and then make any adjustments you need to.

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discount payment discount rate