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place value

noun, Arithmetic
1.
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. 2014.
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Examples from the web for place value
  • Use what you know about subtraction and place value to solve this problem.
  • Discuss place value and stacking the cubes into groups of tens and ones.
Contemporary definitions for place value
noun

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

Dictionary.com's 21st Century Lexicon
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