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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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British Dictionary definitions for place-value

place-value

adjective
1.
denoting a series in which successive digits represent successive powers of the base
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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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

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