Fine right at this point (2-3-4)

I believe the answer is:

on-the-spot

I'm a little stuck... Click here to teach me more about this clue!

'at this point' is the definition.
(thesaurus)

'fine right' is the wordplay.
I cannot really see how this works, but
'right' could be 'onthe' (synonyms) and 'onthe' is located in the answer.
The remaining letters 'spot' is a valid word which might be clued in a way I don't see.
This explanation may well be incorrect...

Can you help me to learn more?

I've seen this clue in the Sydney Morning Herald.

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