A directory in a FileSystem that doesn't itself have any contents, but is used to Mount another FileSystem in its place.
For example, your root file system / must exist on one 'volume' (partition). If you have /usr on another hard disk, you create an empty directory called /usr on the first hard disk, and you Mount the file system on the second disk to that mount point. You can then access the files in the /usr.
If you're unfamiliar with the standard Linux file layout, see FileSystemHierarchy.
Mountpoints are generally defined in fstab(5) and handled by mount(8).
This system is completely extensible - your filesystem can grow from / as far as it needs to grow.
Compare DriveLetters (which can't grow past 24 'mount points').
3 pages link to MountPoint:
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