What is the meaning of Points (or Discount Points)?

points > or discount points
Subtopics: loan discount points, time share 

Money paid to a lender at closing in exchange for lower interest rates. Each point is equal to 1% of the loan amount.

Barry Goldsmith
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APABarry Goldsmith. (2010). points (or discount points). Retrieved September 20, 2026, from http://smartdefine.org/points_(or_discount_points)/definitions/1160715
ChicagoBarry Goldsmith. 2010. "points (or discount points)" http://smartdefine.org/points_(or_discount_points)/definitions/1160715 (accessed September 20, 2026).
HarvardBarry Goldsmith 2010, points (or discount points), Smart Define, viewed 20 September, 2026, <http://smartdefine.org/points_(or_discount_points)/definitions/1160715>.
MLABarry Goldsmith. "points (or discount points)" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/points_(or_discount_points)/definitions/1160715>