[huhn-dridth, -dritth]
next after the ninety-ninth; being the ordinal number for 100.
being one of 100 equal parts.
a hundredth part, especially of one (1/100).
the hundredth member of a series.
Also called hundredth's place. (in decimal notation) the position of the second digit to the right of the decimal point.

1250–1300; Middle English. See hundred, -th2 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
hundredth (ˈhʌndrədθ)
1.  (usually prenominal)
 a.  being the ordinal number of 100 in numbering or counting order, position, time, etc
 b.  (as noun): the hundredth in line
2.  a.  one of 100 approximately equal parts of something
 b.  (as modifier): a hundredth part
3.  one of 100 equal divisions of a particular scientific quantity: centimetre Related: centi-
4.  the fraction equal to one divided by 100 (1/100)
Related: centi-

Collins English Dictionary - Complete & Unabridged 10th Edition
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Example sentences
The real fact is that this is not the first, the tenth, the hundredth major
  scandal involving intercollegiate sports.
Thank you thank you thank you for posting, for the hundredth time, the link to
  that story.
We are trying to do biology knowing perhaps only a tenth, or one hundredth, of
  our species.
Elite runners can win or lose by a hundredth of a second.
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