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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. Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
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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's 21st Century Lexicon
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