significance
US /sɪɡˈnɪf.ə.kəns/
UK /sɪɡˈnɪf.ə.kəns/

1.
the quality of being worthy of attention; importance.
:
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The discovery of the new planet is of great significance to astronomers.
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Her research has considerable significance for the medical field.
2.
the meaning to be found in words or events.
:
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He tried to grasp the full significance of her words.
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The historical significance of the event was debated by scholars.