| Points |
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When
refinancing or taking out a loan/mortgage each point is equal to 1
percent over and above the current interest rate.
For stocks
one point equals $1.
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If
a stock is up 2 points then it is up $2.
A loan may be quoted as prime plus 2 points, this means that your
loan interest rate is 2% higher than the prime rate of lending. |
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Dictionary
