The term "hundredth" refers to the ordinal number that represents the position of something in a sequence, specifically the one that comes after the ninety-ninth and before the one hundred first. It is often used in various contexts, such as ranking, measurements, and time. For example, in a race, the runner who finishes in the hundredth position is the one who crosses the finish line after ninety-nine others. In mathematics, "hundredth" can also denote a fraction, specifically one part of a whole that is divided into one hundred equal parts. This is commonly represented as 1/100 or 0.01. In everyday life, people might encounter this term when discussing percentages, such as when calculating discounts or interest rates, where a hundredth of a value is relevant.