In
digital video editing, three-point editing is an editing method used to
insert a clip from the source
media into a destination track, which is done by
setting three edit points. The first two set points define the in and out points
of the clip, or the in and out points in the timeline that the clip will fit
into. The third point indicates either the In or Out point for the clip (if the
other tow points are in the timeline), or the in and out points in the timeline
(if the other two points are in the clip).
[Adapted from Pierce College -
Digital Movie Making]