discount point


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.

​ Was this Helpful? YES  NO 10 people found this helpful.

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

​ Was this Helpful? YES  NO 2 people found this helpful.

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

​ Was this Helpful? YES  NO 8 people found this helpful.

Show more usage examples...

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
discount payment discount rate