The FindLaw Legal Dictionary -- free access to over 8260 definitions of legal terms. Search for a definition or browse our legal glossaries.
1 : a particular detail, proposition, or issue of law
: 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
: relevant to the legal issues at hand
Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.