In addition to ...
degenerate ellipse
point
it is also a degenerate circle (special case of ellipse).
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The vertex of a double-napped cone is a point. So, the intersection of only the vertex with a plane is a point, not a degenerate parabola (a line) or degenerate hyperbola (pair of crossing lines).
Essentially, the plane must intersect at an angle greater than the angle of the edge of the cone with the axis of the cone. If the plane is not at the vertex, such an intersection angle will result in a circle or ellipse. As the plane gets closer to the vertex, the ellipse gets smaller, degenerating to a single point.