Wiktionary
n. (plural of masterpoint English)
Wikipedia
Masterpoints or master points are points awarded by bridge organisations to individuals for success in competitive bridge tournaments run under their auspices. Generally, recipients must be members in good standing of the issuing organisation. At the international level, competitions and point awards are administered by the World Bridge Federation (WBF); its affiliates at the multi-national level, such as the American Contract Bridge League (ACBL), also issue points as do more local organisations such as the English Bridge Union (EBU), and the Deutsche Bridge Verband (DBV) and independent ones such as the American Bridge Association (ABA).
In general, each organisation has its own scheme for the categorization of competitive bridge events and has a parallel scheme for awarding various categories of points to players who are successful in them. Upon reaching certain thresholds in point accumulation or retention, most organisations bestow a rank on the individual in recognition of their achievements. Points and rankings generally have no monetary value, but have prestige value for some players and are sought after by them over a lifetime of play.
In some cases, the point awarding scheme is an important means of raising revenue for the bridge organisation insofar as they charge entry fees for each tournament where points are awarded and their availability acts as an incentive to participation; the more prestigious the points, the higher the entry fees.
In the past, points were issued in the form of paper certificates, which gave the player a tangible record of his or her achievement, but these are now increasingly replaced by electronic recording.