What does 位 mean?
位 is a Japanese noun meaning “grade, rank, about” in English. It is written as 位 in kanji, くらい in hiragana, and kurai in romaji. This word is part of JLPT N3 vocabulary.
Example sentence
５８１４を千の位に四捨五入すれば何になりますか。
What is 5814 rounded to the nearest thousand?