What is meant by the term point of view?

How one contrives a position/ argument. There are different ways to perceive statements/ phenomena, these different ways may be simplified and termed "points of view." This term may also be lumped into narrative point of view, some of examples of narrative point of view include: 1st Person narrative (I saw something) 2nd person narrative (You saw something) 3rd Person narrative (he/she/it saw something). I hope this helps. 

Theirs the authors point of view and your point of view  that's how you feel about the passage