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Significance
/sɪɡˈnɪfɪkəns/
The quality of being important or having a special meaning or value
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Examples:
What is the significance of this event?Her speech had great significance to the community.
Etymology:
The word significance originates from the Latin significantia, derived from significans, the present participle of significare, meaning to signify or indicate, which comes from signum (mark) + facere (to make).