World English Dictionary
decimal place
1.  the position of a digit after the decimal point, each successive position to the right having a denominator of an increased power of ten: in 0.025, 5 is in the third decimal place
2.  Compare significant figures the number of digits to the right of the decimal point: 3.142 is a number given to three decimal places

Collins English Dictionary - Complete & Unabridged 10th Edition
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American Heritage
Science Dictionary
decimal place  
The position of a digit to the right of the decimal point in a number written in decimal notation. In 0.079, for example, 0 is in the first decimal place, 7 is in the second decimal place, and 9 is in the third decimal place.
The American Heritage® Science Dictionary
Copyright © 2002. Published by Houghton Mifflin. All rights reserved.
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Example sentences
Percent changes will be calculated from the three decimal place indexes.
Those percent changes will continue to be published to one decimal place.
Percent changes based on these three-decimal place indexes will continue to be
  published to one decimal place.
There is an implied decimal place after the third digit of the rates.
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