The vanishing point is a point on the horizon or eye level line when receding parallel lines meet in a drawing
Source: http://fineartamerica.com/images/artworkimages/medium/1/sol-legare-wooden-dock-vanishing-point-dustin-k-ryan.jpg
Source: http://fineartamerica.com/images/artworkimages/medium/1/sol-legare-wooden-dock-vanishing-point-dustin-k-ryan.jpg