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place value

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noun Arithmetic.

the value of the place, or position, of a digit in a number or series: In the number 794, the location of the digit 4 has a place value of one.

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Based on the Random House Dictionary, © Random House, Inc. 2012.
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Dictionary.com's 21st Century Lexicon

Main Entry:	place value
Part of Speech:	n
Definition:	the value of a digit as determined by its position in a number, the name of the place or location of a digit in a number

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"The whole visible universe is but a storehouse of images and signs to which the imagination will give a relative place and value; it is a sort of pasture which the imagination must digest and transform."

-Charles Baudelaire

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