place value

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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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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Example sentences
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.
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