Definition of point

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TeachMeFinance.com - explain point



point

The term 'point ' as it applies to the area of agriculture can be defined as ' A measure of price change equal to 1/100 of one cent in most futures contracts traded in decimal units. In grains, it is one cent; in T-bonds, it is one percent of par'.

The term 'point ' as it applies to the area of general science can be defined as 'unit of typeface equal to 1/72 of an inch'.


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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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