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Why, if you join late in Swiss tournaments, do you get half a point?

I think it's called a half-point bye, but I may be wrong. I'm not that familiar with Swiss tournaments, especially online ones.
C. Late Entries
1 According to FIDE Tournament Rules, any prospective participant who has not arrived at the venue of a FIDE competition before the time scheduled for the drawing of lots shall be excluded from the tournament unless he shows up at the venue in time before a pairing of another round.
An exception may be made in the case of a registered participant who has given written notice in advance that he will be unavoidably late.
2 Where the Chief Arbiter decides to admit a latecomer,
if the player's notified time of arrival is in time for the start of the first round, the player is given a pairing number and paired in the usual way.
if the player's notified time of arrival is in time only for the start of the second (or third) round ("Late Entry"), then the player is not paired for the rounds which he cannot play. Instead, he receives no points for unplayed rounds (unless the rules of the tournament say otherwise), and is given an appropriate pairing number and paired only when he actually arrives.

handbook.fide.com/chapter/C0402

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