Definitions for "Place value"
Keywords:  decimal, tenth, ten, thousand, hundred
(1) The value of a digit in a number is determined by its position. Each place has a value ten times that of the place to its right and one-tenth the value of the place to its left.
The relative worth of each digit in a number as determined by its position or place. Each place has a value ten times that of the place to its right and one-tenth of the value of the place to its left.
the value of a digit that relates to its position or place in a number, e.g. in 1481 the digits represent thousands, hundreds, tens and units respectively. The value of the 1 on the left is one thousand while the value of the 1 on the right is one.