rounding
n. uncountable B2 Upper Intermediate US //ˈɹaʊndɪŋ// UK //ɹˈaʊndɪŋ// round·ing
n. the act of changing a number to the nearest whole number or a simpler value. You do this to make numbers easier to work with or talk about.
n. the process of replacing a numerical value with a simpler approximation that is close to the original. Often involves adjusting the final digit based on the value of the following digit.
Rounding the price to the nearest dollar makes it easier to calculate.
The accountant explained that the small discrepancy in the final report was simply due to rounding.
While individual rounding errors may seem insignificant, they can accumulate over thousands of automated transactions to create a substantial imbalance in the ledger.
Usage
Often appears in the phrase 'rounding error' or 'rounding up/down'.