The so-called Arrott plot, which consists in plotting $H/M$ against ${M}^{2}$, with $H$ the applied magnetic field and $M$ the magnetization, is used to extract valuable information in second-order magnetic phase transitions. Besides, it is widely accepted that a negative slope in the Arrott plot is indicative of a first-order magnetic transition. This is known as the Banerjee criterion. In consequence, the zero-field transition temperature ${T}^{*}$ is reported as the characteristic first-order transition temperature. By carefully analyzing the mean-field Landau model used for studying first-order magnetic transitions, we show in this work that ${T}^{*}$ corresponds in fact to a triple point where three first-order lines meet. More importantly, this analysis reveals the existence of two symmetrical second-order critical points at finite magnetic field $({T}_{c},\ifmmode\pm\else\textpm\fi{}{H}_{c})$. We then show that a modified Arrott plot can be used to obtain information about these second-order critical points. To support this idea we analyze experimental data on ${\mathrm{La}}_{2/3}{\mathrm{Ca}}_{1/3}{\mathrm{MnO}}_{3}$ and discuss an estimate for the location of the triple point and the second-order critical points.
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