Do you mean when you click on Grade and then it says "Type"/"Scale" and "Maximum points"? If so, then take a look at Grade points
No, Mary, I mean In lesson settings...grade > grade
I think Joseph and I are both pointing to the same area, Wendi.
Thank you. I have 2.6.2 and there is no description of "grade". I think I will be upgrading now, as we also don't have the option of "point" as a way to measure the grade.
Point in 2.7 simply refers to number grades, which are the default grade in earlier versions of Moodle. You still have the same grading options in 2.6 but it is just the terminology which is different in 2.7. See http://docs.moodle.org/26/en/Scales