The term 'NUMERAL' is a 7-letter word that is used to describe a letter denoting a number. This term is commonly used in mathematics and other related fields, such as accounting, to represent numerical values. A NUMERAL can be any symbol or combination of symbols that is used to represent a number. For example, the Roman NUMERAL 'I' is used to represent the number one. Similarly, the Arabic NUMERAL '2' is used to represent the number two. In this way, numerals are used to denote numbers in a concise and efficient manner.