Position
Location, Place
noun, verbal noun
Go ahead and put a rank on something. This one is rank #1, so its position is up higher. Then you put a rank #67 on something. That one's position is lower.
This is a jukugo word, which usually means on'yomi readings from the kanji. If you know the readings of your kanji you'll know how to read this as well.
位置について、用意、ドン！
On your mark, get set, go!
トーフグのオフィスは、かつて、ポートランドのど真ん中に位置していた。
The Tofugu office was once located in the middle of Portland.
子供じゃないんだから、使った物はちゃんと元の位置に戻そうよ。
You're not a child, so you should put the things you've used back in their proper place.