point n
1: a particular detail, proposition, or issue of law; specif: point of error
2: any of various incremental units used in measuring, fixing, or calculating something: as
a: a unit used in calculating a sentence by various factors (as aggravating or mitigating circumstances)
b: a unit used in the pricing of securities and valuation of markets
c: a charge to a borrower (as a mortgagor) that is equal to one percent of the principal and that is made at closing
in point or on point: relevant to the legal issues at hand
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.