points

Definition

Finance charges paid by the borrower at the beginning of a loan. One point is 1% of the loan amount.

Use points in a sentence

You should always make sure that you calculate the points correctly so that you know how much the other shall pay.

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Our team was done by too many points and we would not be able to come back and win, unless we tried something new.

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When my wife and I bought our first house we were able to get a mortgage with a low down payment, but we had to pay a lot of points to the bank to get the loan.

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